Recent years have brought a number of unpleasant surprises for Ørsted shareholders, but Wednesday's financial figures for the first quarter are right on target.
Ørsted increases its profit before interest, tax, depreciation and amortization in the first quarter by eight percent to 9.5 billion kroner.
This is very close to what analysts expected, and it does not give the company reason to change its own expectations for 2026 as a whole.
Optimism is not wrong with CEO Rasmus Errboe.
- The work to focus Ørsted's business continues, and we are ready to invest in value-creating opportunities in Europe and in selected markets in the Asia-Pacific region, where we see positive and concrete progress from governments and agencies in connection with upcoming tenders, he says in a comment to the accounts.
The profit for the quarter falls from 4.9 billion kroner in the same period last year to 2.6 billion this time.
This is mainly due to one-off items in the form of, among other things, write-downs due to rising interest rates in the USA.
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/ritzau/
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