Ørsted : We remain cautious ahead of the CMD
>Q1 2023 results broadly in line - On Wednesday, Ørsted published Q1 2023 results that came in below our estimates. Adjusted EBITDA was down to DKK 6,910m (-27% y-o-y) vs our forecast of DKK 7,563m and DKK 6,891m for the consensus. Adjusted EBIT was DKK 4,472m (-39% y-o-y) vs DKK 5,063m for ODDO BHF and DKK 4,257m for the consensus. Adjusted net profit was DKK 3,202m (-4% y-o-y), below our forecast of DKK 3,650m (but above the consensus forecast of DKK 2,991m). The fi...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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