Orsted AS (LTS:0RHE)

kr 373.85 -9.8 (-2.55%) Market Cap: 155.61 Bil Enterprise Value: 218.99 Bil PE Ratio: 31.81 PB Ratio: 1.84 GF Score: 84/100

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Q2 2021 Orsted A/S Earnings Call Transcript

Aug 12, 2021 / 12:00PM GMT

Release Date Price: kr933.9 (-3.97%)

Transcript

Operator

Hello and welcome to the Orsted Q2 2021 Earnings Call. (Operator Instructions) Today I am pleased to present Mads Nipper, CEO; and Marianne Wiinholt, CFO. Speakers, please begin.

Mads Nipper;rsted A;S;CEO

Ã;Group President & Member of Executive Board

/- -

Thank you very much. And good morning, good afternoon, everyone, and welcome to the Q2 2021 earnings call. Having now been part of Orsted team for more than 7 months, I'm pleased to say that we've continued to execute on many important strategic milestones in the second quarter of 2021. And I'm constantly impressed by the sheer intensity with which our company manages to progress so many important areas in parallel.

During the first half of 2021, we have been impacted by very low wind speeds across our portfolio, but we do maintain our full year EBITDA guidance of DKK 15 billion to DKK 16 billion due to the strong performance from our CHP plants and high earnings from gas business as well as additional earnings from finalized construction

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