Orsted AS (OTCPK:DNNGY)
$ 17.43 -0.635 (-3.52%) Market Cap: 21.97 Bil Enterprise Value: 31.72 Bil PE Ratio: 29.20 PB Ratio: 1.77 GF Score: 85/100

Q1 2023 Orsted A/S Earnings Call Transcript

May 03, 2023 / 12:00PM GMT
Release Date Price: $29.46 (-1.34%)
Operator

Welcome to this Orsted interim report for the first quarter of 2023. (Operator Instructions) Today's speaker is Group President and CEO; Mads Nipper; and CFO, Daniel Lerup. Speakers, please begin.

Mads Nipper;rsted A;S;CEO
Ã;Group President & Member of Executive Board

/- -

Thank you very much, and welcome to this call. I'm very pleased with the financial results of the first quarter. In the quarter, we realized all-time high earnings from our offshore sites and the group's financial performance was in line with our expectations. During the first quarter, we made good progress on our strategy, and I'll start with highlighting the final investment decision for our 920-megawatt Taiwanese project, Greater Changhua 2b and 4.

I'm extremely proud of this achievement, which once again demonstrates the fact that Orsted is primed and ready to build and operate large-scale offshore wind projects in Taiwan. Our experience in Asia Pacific, combined with our technical expertise, financial capabilities and

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