Ørsted : Good 2022 guidance pending some light at the end of the inflation tunnel
>Performance broadly in line with expectations - Ørsted yesterday morning reported full-year results in line with our estimates but slightly below the consensus. Adj. EBITDA came in at DKK 24.296bn (+34% y-o-y, vs DKK 23.511bn forecast by ODDO BHF and DKK 24.58bn by consensus) and adj. EBIT came to DKK 16.195bn (+54% y-o-y), vs DKK 15.719bn expected by ODDO BHF and DKK 16.247bn by the consensus. Adj. net income came to DKK 10.887bn, down 35%, below expectations (DKK 1...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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