- Orsted’s Q2 revenue was DKK 17.14 billion, beating the estimate of DKK 16.06 billion.
- Offshore wind power revenue reached DKK 13.37 billion, significantly surpassing the estimate of DKK 10.78 billion.
- Onshore wind power revenue was DKK 604 million, below the estimate of DKK 823.6 million.
- Bioenergy and other revenue stood at DKK 3.33 billion, slightly underperforming against the estimate of DKK 3.51 billion.
- The company’s EBITDA was DKK 6.64 billion, well above the estimated DKK 3.9 billion.
- Offshore wind power EBITDA came in at DKK 5.30 billion, much higher than the estimate of DKK 2.87 billion.
- Onshore wind power EBITDA was DKK 1.20 billion, beating the estimate of DKK 1.02 billion.
- Bioenergy and other EBITDA was DKK 78 million, not reaching the estimate of DKK 111.5 million.
- Orsted reported a Q2 EBIT of DKK 4.19 billion, compared to a DKK 26 million loss from the previous year.
- The Q2 pretax profit was DKK 3.99 billion, reversing a loss of DKK 575 million from a year earlier.
- Net profit for Q2 was DKK 3.35 billion, compared to a DKK 1.68 billion loss the year prior.
- The company maintains its full-year EBITDA forecast of DKK 25 billion to DKK 28 billion, with a market estimate of DKK 25.99 billion.
- Orsted’s gross investments target for the year remains at DKK 50 billion to DKK 54 billion.
- Significant construction milestones include nearly 70% of offshore turbines installed at Revolution Wind and the first foundations at Sunrise Wind in the US.
- Greater Changchun 2b and 4 projects have successfully reached first power, marking a key achievement.
- Analyst ratings for Orsted include 6 buys, 23 holds, and 5 sells.
“`
A look at Orsted AS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Orsted A/S, a company that provides utility services including the development and operation of offshore wind farms, faces a mixed long-term outlook according to Smartkarma Smart Scores. While the company scores moderately in terms of value and momentum, with scores of 3 and 3 respectively, its outlook is weaker in the areas of dividend, growth, and resilience, with scores of 1, 2, and 2 respectively. This suggests that Orsted AS may need to focus on improving its dividend payouts, growth prospects, and resilience to market challenges to enhance its long-term performance.
Despite its strengths in value and momentum, Orsted AS may face challenges in sustaining its growth trajectory and ensuring a consistent dividend payout to investors. As a global player in the utility services sector, the company’s ability to navigate market uncertainties and adapt to changing industry dynamics will be critical in determining its future success. Investors may need to closely monitor how Orsted AS addresses its weaknesses in dividend, growth, and resilience to gauge its overall long-term viability in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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