Ørsted : Worst-case scenarios off the radar screen
>CMD aimed at restoring confidence - Orsted yesterday held a CMD aimed mainly at restoring confidence in its capacity to self-finance its growth in a less robust environment. This was important after two years of disappointment on the execution of projects and its difficulties extracting value on a portion of its pipeline. There were three key focus areas: 1/ clearly detailing the difficulties related to the projects in the US and to some projects in Europe (Hornsea 3...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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