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ØRSTED AT A GLANCE

Ørsted is at the forefront of the energy sector’s transformation towards renewables. We are global leader in offshore wind and have installed more than one quarter of the total offshore wind capacity globally. This position is based on innovation and makes Ørsted one of the fastest growing European energy companies. Our Wind Power division employs 2,400 people all working dedicated to lower Levelised Cost of Electricity (LCoE). We broke an industry milestone as the first to achieve LCoE visibly below EUR 100 per MWh with the Dutch Borssele 1 & 2 offshore wind farms in June 2016. Another industry breakthrough was made in April where we won two German offshore wind projects which will not receive a subsidy on top of the wholesale electricity price. By the end of 2017 we have reached a decided capacity of 8.9GW offshore wind - more than anyone else in the industry.


Ørsted was listed in June 2016. The IPO was the largest in Europe in the last 5 years and the largest IPO ever in Denmark both in terms of deal size and market cap.

Share data
19/06/2019
Currency DKK
Volume 360,181
Previous Close 561.40
Number of Shares (mil) 420.38
Change (%) -1.34
Market Cap (mil) 236,001.94

Key facts

Revenue Q1 2019 DKK 17.2bn (EUR 2.3bn)
EBITDA Q1 2019 DKK 5.1bn (EUR 0.7bn)
Ownership 50% owned by the Danish State (AAA/Aaa/AAA)
Employees Around 6,176
Rating BBB+/Baa1/BBB+

Group financial outlook, targets and policies

EBITDA 2019 outlook: DKK 15.5-16.5bn
ROCE Expect: 10% on average for 2019-2025
FFO/Adjusted net debt Policy: Around 30%
Gross investments 2019 outlook: DKK 21-23bn
Rating Policy: Minimum Baa1/BBB+/BBB+
 

Key figures

Business units Market position Strategic targets
WIND POWER • Market leader in offshore wind (has installed 23% of global capacity)
• Strong pipeline of projects
• Ambition of 11-12GW installed offshore capacity by end of 2025
• Profitable and disciplined growth
BIOENERGY &
THERMAL POWER
• Almost half of Danish thermal generation
• Generates one third of Danish heat consumption
• Reduce CO2-emissions by 96% by 2023 (relative to 2006)
• Exit coal by 2023
DISTRIBUTION &
CUSTOMER SOLUTIONS
• Leading DK gas & power distributor
• Retail & wholesale sales in North West Europe
• Top quartile on customer satisfaction
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