Ørsted : Investors in a palpable wait-and-see stance
>Q1 2021 results miss forecasts - Ørsted yesterday reported Q1 2021 results that missed our forecasts and the consensus. The deviation reflects a warranty provision of DKK 800m reflecting the identification of problems in subsea cable protection systems. Adjusted EBITDA came to DKK 4,863m, down 28.5% y-o-y vs ODDO BHF at DKK 5,461m and the consensus at DKK 5,195m. Adjusted EBIT was also down, by 41.9% y-o-y, to DKK 2,933m (vs ODDO BHF at DKK 3,532m and the consensus ...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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