Ørsted : Earnings ahead of expectations is not everything
>Q2 2021 results ahead of expectations - Ørsted reported yesterday Q2 2021 earnings that were higher than forecast. Adjusted EBITDA was up 177% y-o-y to DKK 8,196m, vs DKK 7,737m forecast by ODDO BHF and DKK 7,849m by the consensus. This significant increase is mainly linked to the farm down of the Borsele 1 & 2 offshore site which resulted in a gain of DKK 5,648m (vs DKK 5,000 forecast), but also to the good performance from cogeneration plans and a positive effect f...Orsted is a renewable energy company based in Denmark. Co. is engaged in developing a renewables portfolio based on competences in offshore wind, bioenergy, and energy solutions. Co. is active in deploying offshore wind and converting existing coal- and gas-fired power stations to sustainable biomass, providing a heat and power supply which is both green and flexible. Co. divides its operations into four businesses: Wind Power, Bioenergy & Thermal Power, and Distribution & Customer Solutions. The Bioenergy & Thermal Power and Distribution & Customer Solutions businesses jointly constitute Co.'s Danish utility business. Co. maintains activities primarily in Northwestern Europe.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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