Ørsted : Profitability outlook still a cause for concern
>Results known - The release had been preceded by the publication of preliminary results on 20 January and did not bring any specific new elements. For more details on the performance by division and the 2023 guidance, see our Flash of 23 January (“ Weak results, uncertain outlook, target price revised down ”) and yesterday’s First Take (“ No surprise after the preliminary result released 10 days ago ”).A number of questions on the projects awarded - ...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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