A director at Orsted AS bought 1,260 shares at 396.140DKK and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
Ørsted A/S (Orsted) Notification of managers’ transactions 03-May-2024 / 12:57 CET/CEST 3.5.2024 12:57:18 CEST | Ørsted A/S | Managers' Transactions Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no. 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them. See the transactions of Chair of Ørsted’s Board of Directors Lene Skole in the attached PDF documents. For further information, please contact: Global Media RelationsCarst...
>Good Q1 results on offshore but not so good on the rest - Yesterday, Ørsted published Q1 2024 EBITDA of DKK 7,488m (+8 %) vs DKK 7,700m estimated (ODDO BHF and the consensus). EBIT was DKK 5,065m (+13 %) vs DKK 5,200m (ODDO BHF) and DKK 5,400m (consensus). Adjusted net profit fell below expectations at DKK 2,609m (-19%) vs an average estimate of DKK 3,400m (ODDO BHF and the consensus). The poor performance at the net profit level was due the booking of a tax liabilit...
>Des résultats T1 bons sur l’offshore moins bon sur le reste - Ørsted a publié hier son EBITDA du T1 2024 de 7 488 M DKK (+8 %) contre 7 700 MDKK attendus (ODDO BHF et consensus). L'EBIT était de 5 065 MDKK (+13 %) contre 5 200 MDKK (ODDO BHF) et 5 400 MDKK (consensus). Le résultat net ajusté est inférieur aux prévisions à 2 609 MDKK (-19%) contre une estimation moyenne de 3 400 MDKK (ODDO BHF et consensus). La contre-performance au niveau du résultat net s'explique p...
>Results a shade below forecasts but a positive performance in offshore - EBITDA Q1 2024 was DKK 7,488m (+8%) vs DKK 7,700m estimated (ODDO BHF and consensus) and EBIT was DKK 5,065m (+13%) vs DKK 5,200m (ODDO BHF) and DKK 5,400m (consensus). Adjusted net income was below forecasts at DKK 2,609m (-19%) vs ODDO BHF and the consensus at DKK c.3,400m. The reason for the difference in net income was due to the recognition of a deferred tax liability related to an initial...
A director at Carlsberg AS bought 499 shares at 944.575DKK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
We are removing GALP from our ODDO BHF European Large Caps list. The stock has chalked up a performance of +31.3% since its inclusion in the list on 20 March. Our analyst is adopting today a Neutral recommendation (vs Outperform) on the stock. - ...
>Results a shade below forecasts but a positive performance in offshore - EBITDA Q1 2024 was DKK 7,488m (+8%) vs DKK 7,700m estimated (ODDO BHF and consensus) and EBIT was DKK 5,065m (+13%) vs DKK 5,200m (ODDO BHF) and DKK 5,400m (consensus). Adjusted net income was below forecasts at DKK 2,609m (-19%) vs ODDO BHF and the consensus at DKK c.3,400m. The reason for the difference in net income was due to the recognition of a deferred tax liability related to an initial...
Ørsted A/S (Orsted) Interim report for the first quarter of 2024 – Operating profit in line with expectations, with offshore site earnings increasing 18 %. Business plan progressing with Sunrise Wind award and completion of two offshore wind farms 02-May-2024 / 07:59 CET/CEST 2.5.2024 07:59:37 CEST | Ørsted A/S | Interim report (Q1 and Q3) Today, Ørsted’s Board of Directors approved the interim report for the first quarter of 2024. Mads Nipper, Group President and CEO of Ørsted, says in a comment to the interim report for the first quarter of 2024:“We are working diligently on ex...
Ørsted A/S (Orsted) Ørsted secures licences to develop large-scale offshore wind projects in Australia 01-May-2024 / 08:33 CET/CEST 1.5.2024 08:32:54 CEST | Ørsted A/S | Investor News The Australian Government has announced that it has granted a feasibility licence for Ørsted’s first offshore wind project in Australia and intends to grant a licence for a second project, subject to consultation. With the licences, Ørsted aims to develop large-scale offshore wind farms off the coast of Gippsland, Victoria, to be operational in the early 2030s. The licences provide Ørsted with site ...
Overall, we consider the Q1 results a solid start to the year, with China’s and the premium beer momentum especially encouraging and supporting our view that the unchanged 2024 guidance looks conservative. We see room for positive earnings momentum throughout the year, with good weather providing upside potential. We thus reiterate our BUY and DKK1,110 target price.
The market appears to be pricing in credit losses remaining high for many years, but we see the potential for declines starting in mid-2024, with early positive signs in March. We also find it likely that margins will be stable from here, which is not reflected in consensus. At a P/E of 3–4x for 2025e, we see good risk/reward. We have raised our 2025–2026e EPS by 3–7%, our target price to SEK18 (15), and have upgraded to BUY (HOLD).
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