Ørsted A/S Achieves Strong Q1 2024 Performance

Orsted (DOGEF) has released an update.

Ørsted A/S reports a favorable first quarter in 2024 with an 18% increase in offshore site earnings and operating profits meeting expectations. Key developments include the advancement of their Sunrise Wind project in New York and the completion of two offshore wind farms, with the company maintaining its EBITDA guidance of DKK 23-26 billion for the full year. Additionally, strategic divestments and partnerships have been executed, including the sale of onshore wind farms in the US and a shift away from onshore renewables in Europe.

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