Orsted OTC ( (DNNGY) ) has released its Q1 earnings. Here is a breakdown of the information Orsted OTC presented to its investors.
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Orsted OTC is a leading company in the renewable energy sector, primarily focused on offshore wind energy, with a significant presence in the global market. In its first-quarter 2025 earnings report, Orsted OTC highlighted strong financial performance and strategic developments amidst challenging market conditions. The company reported an 18% increase in operating profit (EBITDA) to DKK 8.9 billion compared to the same period last year, driven by the ramp-up of generation at its offshore and onshore sites. Key strategic moves included the completion of the Gode Wind 3 offshore wind farm in Germany, the farm-down of two US solar farms, and the decision to discontinue the Hornsea 4 project in its current form due to adverse market conditions. Despite short-term challenges, Orsted OTC remains optimistic about the long-term fundamentals of the offshore wind industry and maintains its full-year EBITDA guidance of DKK 25-28 billion. The company continues to focus on solidifying its leading position in the industry by executing its strategic priorities and adapting to evolving market dynamics.