- Ørsted reported 4Q EBITDA of DKK 8.35 billion, surpassing the estimate of DKK 7.42 billion.
- Offshore wind power EBITDA came in at DKK 6.64 billion, slightly below the estimate of DKK 6.95 billion.
- Onshore wind power EBITDA was DKK 1.06 billion, underestimating the forecast of DKK 1.17 billion.
- Bioenergy & other EBITDA reached DKK 869 million, higher than the estimate of DKK 751.2 million.
- Total revenue was DKK 21.08 billion, falling short of the estimated DKK 22.39 billion.
- Offshore wind power revenue surpassed expectations at DKK 16.20 billion, compared to the estimate of DKK 13.69 billion.
- Onshore wind power revenue was DKK 554 million, missing the estimate of DKK 1.01 billion.
- Bioenergy & other revenue stood at DKK 4.46 billion, below the forecast of DKK 6.14 billion.
- Pretax loss amounted to DKK 6.76 billion against the expected loss of DKK 6.17 billion.
- Net loss was DKK 6.08 billion, greater than the anticipated loss of DKK 4.97 billion.
- For 2024, Ørsted’s EBITDA reached DKK 31.96 billion, exceeding the estimate of DKK 24.94 billion.
- The company forecasts 2025 EBITDA, excluding special items, between DKK 25 billion and DKK 28 billion, near the estimated DKK 27.41 billion.
- Planned gross investments for 2025 range from DKK 50 billion to DKK 54 billion.
- No dividend payments for the financial years 2023-2025, with a goal to reinstate dividends from 2026 onwards.
- Ørsted completed several divestments, accumulating proceeds of DKK 22 billion, contributing towards a target of DKK 70-80 billion by 2026.
- In 2024, Ørsted recorded impairments of DKK 15.6 billion, primarily due to US project challenges, including interest rate changes, valuation adjustments, construction delays, and cost increases.
- CEO Rasmus Errboe emphasized that partnerships and divestment initiatives are progressing as per the plan.
- Investment community sentiment includes 14 buys, 20 holds, and 1 sell recommendation for Ørsted.
A look at Orsted AS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.4 |
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 focuses on providing utility services, has received varying Smart Scores across different factors. While scoring high in terms of value with a score of 4, indicating a positive outlook on its value proposition, Orsted’s performance in other areas is mixed. Its Dividend score is relatively low at 1, suggesting a weaker dividend offering. Growth, Resilience, and Momentum scores stand at 3, 2, and 2 respectively. This indicates a moderate outlook for growth potential, resilience against market fluctuations, and momentum in the market. Overall, Orsted A/S appears to have a promising value profile but may face challenges in terms of dividend distribution and demonstrating strong momentum.
Orsted A/S specializes in the development, construction, and operation of offshore wind farms and also generates power and heat from power stations, catering to customers globally. As per the Smart Scores assessment, while the company shows strength in terms of value, it lags in dividend distribution, growth potential, resilience, and momentum. Investors looking at Orsted should consider the company’s strong value proposition along with the need for improvements in dividend performance and overall growth outlook. The company’s focus on renewable energy sources, particularly offshore wind farms, positions it well for long-term sustainability and growth in the evolving energy sector.
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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