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Orsted A/S (ORSTED.CO)

ORSTED.CO on Copenhagen Stock Exchange

413.80DKK
2:11pm BST
Change (% chg)

kr.-2.00 (-0.48%)
Prev Close
kr.415.80
Open
kr.416.90
Day's High
kr.417.50
Day's Low
kr.410.70
Volume
232,755
Avg. Vol
506,591
52-wk High
kr.432.00
52-wk Low
kr.277.80

Latest Key Developments (Source: Significant Developments)

Ørsted Wins 551.75MW In German Offshore Wind Auction
Friday, 27 Apr 2018 

April 27 (Reuters) - ORSTED A/S ::REG-ØRSTED WINS 551.75MW IN GERMAN OFFSHORE WIND AUCTION.ØRSTED WILL BUILD 1,141.75MW NEW OFFSHORE WIND CAPACITY IN GERMANY BY 2024/2025,.IN TOTAL, THIS MEANS THAT ØRSTED WILL BUILD 1,141.75MW NEW OFFSHORE WIND CAPACITY IN GERMANY BY 2024/2025.  Full Article

Orsted Q1 Operating Profit Stronger Than Expected, Lifts 2018 Guidance
Thursday, 26 Apr 2018 

April 26 (Reuters) - Orsted A/S ::REG-INTERIM REPORT FOR Q1 2018.SAYS WE INCREASE OUR EBITDA GUIDANCE FOR 2018 FROM DKK 12-13 BILLION TO DKK 12.5-13.5 BILLION.ORSTED Q1 EBITDA DKK 5.5 BILLION VERSUS DKK 4.03 BILLION SEEN IN REUTERS POLL.SAYS INCREASE IS DUE TO AN OPERATIONALLY STRONG START TO YEAR AS WELL AS A POSITIVE OUTCOME OF AN ARBITRATION RELATED TO A GAS PURCHASE CONTRACT.CEO SAYS WE HAVE HAD A STRONG START TO YEAR WITH GOOD EARNINGS FROM OUR OFFSHORE WIND BUSINESS, WHERE EBITDA ALMOST DOUBLED COMPARED TO Q1 2017.CEO SAYS AS A RESULT OF AN OPERATIONALLY STRONG START TO YEAR AND A POSITIVE ARBITRATION OUTCOME REGARDING A GAS PURCHASE CONTRACT, WE HAVE INCREASED OUR EBITDA GUIDANCE BY DKK 0.5 BILLION TO DKK 12.5-13.5 BILLION.SAYS OFFSHORE WIND BUSINESS HAS PERFORMED VERY WELL IN Q1 WITH HIGH YIELDS FROM OUR OPERATING ASSETS AND GOOD PROGRESS ON OUR CONSTRUCTION PROJECTS.SAYS SELECTION OF PREFERRED BIDDER OR BIDDERS IN MASSACHUSETTS AUCTION WILL EXPECTEDLY BE ANNOUNCED IN LATE MAY.SAYS MAY. IN ADDITION, RESULT OF 3.5GW GRID ALLOCATION IN TAIWAN IS EXPECTED WITHIN WEEKS.SAYS IN APRIL, WE SUBMITTED A BID IN AUCTION IN CONNECTICUT, COMPETING FOR 200MW OF OFFSHORE WIND CAPACITY. WE ALSO SUBMITTED BIDS IN GERMAN AUCTION, WHERE WE EXPECT TO RECEIVE RESULTS WITHIN WEEKS.SAYS INCREASED OUR SHARE OF RENEWABLE ENERGY FROM 56% IN Q1 2017 TO 68% IN Q1 2018.  Full Article

Orsted Receives Environmental Impact Assessment Approvals For Taiwan Offshore Wind Projects
Friday, 9 Feb 2018 

Feb 9 (Reuters) - ORSTED A/S ::ORSTED SAYS ØRSTED RECEIVES ENVIRONMENTAL IMPACT ASSESSMENT APPROVALS FOR FOUR OFFSHORE WIND PROJECTS IN TAIWAN.ORSTED SAYS WITH THE APPROVALS, IT HAS SECURED EXCLUSIVITY OVER THE DEVELOPMENT OF THESE FOUR SITES.ORSTED SAYS SUBJECT TO ØRSTED'S FINAL INVESTMENT DECISION, CONSTRUCTION OF THE FIRST OF THE FOUR PROJECTS COULD POTENTIALLY START AS EARLY AS 2019.THE NEXT STEP FOR THE FOUR GREATER CHANGHUA PROJECTS IS TO SECURE THE CORRESPONDING GRID CAPACITY IN 2018 AND OBTAIN THE ESTABLISHMENT PERMIT LATEST END OF 2019.SHORTLY THEREAFTER, ØRSTED AIMS TO SECURE THE FEED-IN-TARIFF BY SIGNING THE POWER PURCHASE AGREEMENT.  Full Article

Orsted Invests In Energy Storage Project in Taiwan
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Orsted A/S ::ORSTED SAYS INVESTS IN STORAGE PROJECT IN TAIWAN.ORSTED SAYS THE PILOT ENERGY STORAGE SYSTEM, TO BE BASED ON LITHIUM-ION BATTERY TECHNOLOGY,WILL BE THE FIRST MW-SIZE FACILITY IN TAIWAN.ORSTED SAYS WILL WORK WITH THE CHANGHUA COUNTY GOVERNMENT, TAIPOWER, INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE (ITRI), AND NATIONAL CHANGHUA UNIVERSITY OFEDUCATION (NCUE).  Full Article

Orsted Q4 Ebitda Beats Expectations
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Orsted A/S says::‍EBITDA (BUSINESS PERFORMANCE) EXCLUDING NEW PARTNERSHIP AGREEMENTS IS EXPECTED TO BE DKK 12-13 BILLION IN 2018 COMPARED WITH DKK 12.7 BILLION IN 2017​.‍SHOULD DIVESTMENT MATERIALIZE IN 2018, EBITDA INCLUDING NEW PARTNERSHIPS IS EXPECTED TO BE HIGHER THAN DKK 22.5 BILLION ACHIEVED IN 2017​.Q4 EBITDA DKK 13.03‍​ BILLION (REUTERS POLL: DKK 12.06 BILLION).Q4 NET PROFIT DKK 9.43‍​ BILLION (REUTERS POLL: DKK 8.60 BILLION).‍FROM 2018, WE HAVE DECIDED TO CHANGE OUR GUIDANCE METHOD​.‍IN FUTURE, OUR GUIDANCE WILL ONLY INCLUDE EFFECT FROM EXISTING OFFSHORE WIND PARTNERSHIP AGREEMENTS​.‍PREVIOUSLY, OUR OUTLOOK ALSO INCLUDED EFFECT FROM PARTNERSHIP AGREEMENTS WHICH WE EXPECTED TO CONCLUDE DURING YEAR​.‍WE STILL EXPECT A 50% FARM-DOWN OF HORNSEA 1, EITHER IN H2 2018 OR IN 2019​.‍GROSS INVESTMENTS FOR 2018 ARE EXPECTED TO AMOUNT TO DKK 16-18 BILLION​.‍IN 2017, EBITDA FROM NEW PARTNERSHIPS CONCERNING WALNEY EXTENSION AND BORKUM RIFFGRUND 2 TOTALLED DKK 9.8 BILLION​.‍BOARD OF DIRECTORS RECOMMENDS THAT DIVIDEND PAYMENTS BE INCREASED BY 50% FROM DKK 6 TO DKK 9 PER SHARE (DKK 3.8 BILLION IN TOTAL)​.CEO SAYS ‍WE ARE WORKING TO EXPAND OUR PORTFOLIO OF LONG-TERM GROWTH OPPORTUNITIES WITHIN GREEN ENERGY​.CEO SAYS ‍FOR INSTANCE, WE HAVE ESTABLISHED A NEW UNIT TO EXPLORE ENERGY STORAGE AND SOLAR PV PROJECTS, AND WE ARE ALSO LOOKING MORE CLOSELY AT MARKET FOR ONSHORE WIND​.  Full Article

Orsted Raises 2017 EBITDA Estimate To DKK 22.5 Bln
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - ORSTED A/S ::SAYS EXPECTS AN OPERATING PROFIT (EBITDA) OF APPROX DKK 22.5 BILLION FOR 2017, WHICH IS AN IMPROVEMENT ON OUR MOST RECENT OUTLOOK OF AROUND DKK 21 BILLION."THE INCREASE IS PRIMARILY ATTRIBUTABLE TO STRONG EARNINGS FROM OUR OFFSHORE WIND FARMS IN OPERATION IN THE LAST PART OF THE YEAR, INCLUDING FROM STRONGER WINDS AND FASTER RAMP-UP OF GENERATION FROM THE NEW OFFSHORE WIND FARMS RACE BANK AND WALNEY EXTENSION"."IN ADDITION, EARNINGS FROM PARTNERSHIP AGREEMENTS ARE BETTER THAN EXPECTED DUE TO GOOD PROGRESS AND LOWER COSTS ON THE CONSTRUCTION CONTRACTS FOR RACE BANK AND WALNEY EXTENSION".  Full Article

Orsted Appoints ‍Martin Neubert As CEO Of Wind Power Division
Monday, 8 Jan 2018 

Jan 8 (Reuters) - ORSTED A/S SAYS::‍MARTIN NEUBERT, SENIOR VICE PRESIDENT IN ORSTED WIND POWER, HAS BEEN APPOINTED NEW CEO OF ORSTED WIND POWER AND EXECUTIVE VICE PRESIDENT​.NEUBERT WILL REPLACE SAMUEL LEUPOLD, CEO OF WIND POWER AT ORSTED, EXECUTIVE VICE PRESIDENT AND MEMBER OF ORSTED EXECUTIVE COMMITTEE, WHO HAS DECIDED TO RESIGN FROM COMPANY.ANDERS LINDBERG, SENIOR VICE PRESIDENT (WIND POWER ENGINEERING, PROCUREMENT & CONSTRUCTION), AND OLE KJEMS SØRENSEN, SENIOR VICE PRESIDENT (WIND POWER PARTNERSHIPS, M&A & ASSET MANAGEMENT), HAVE BEEN APPOINTED EXECUTIVE VICE PRESIDENTS AND WILL JOIN ORSTED'S EXECUTIVE COMMITTEE EFFECTIVE FROM 1 FEBRUARY 2018​.  Full Article

Ørsted Now Expects Full-Year EBITDA To Come In Around DKK 21 bln
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Orsted A/S ::ØRSTED COMPLETES THE DIVESTMENT OF BORKUM RIFFGRUND 2 OFFSHORE WIND FARM AND NOW EXPECTS FULL-YEAR EBITDA TO COME IN AROUND DKK 21 BILLION.SAYS ‍WE NOW EXPECT EBITDA IN 2017 TO MATERIALISE AT APPROXIMATELY DKK 21 BILLION​.  Full Article

Fugro Wins Ørsted Contracts For Site Investigations
Friday, 1 Dec 2017 

Dec 1 (Reuters) - FUGRO NV ::WINS ØRSTED CONTRACTS FOR SITE INVESTIGATIONS AT TWO LARGE-SCALE U.S. OFFSHORE WIND PROJECTS‍​.‍SITE INVESTIGATIONS ARE DUE TO COMMENCE AT END OF NOVEMBER AND ARE EXPECTED TO CONTINUE FOR THREE MONTHS​.  Full Article

Oersted ‍successfully issues green bonds​
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Oersted A/S ::Oersted ‍successfully issues green bonds​.Oersted a/s-priced subordinated green hybrid capital securities of eur 500 million and green senior unsecured bonds of eur 750 million.Oersted a/s says ‍new green hybrid security priced at 99.203 percent of nominal amount; new green senior bond priced at 98.840 percent of nominal amount​.  Full Article

Dutch energy company Eneco's nomination for CEO angers works council

AMSTERDAM, May 10 A dispute over the planned sale of Dutch energy company Eneco resurfaced on Thursday with the company's works council criticizing the board's nomination of Ruud Sondag, the former executive of a recycling company, as its new CEO.