Orsted ( (DOGEF) ) has released its Q4 earnings. Here is a breakdown of the information Orsted presented to its investors.
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Ørsted, a leading company in the renewable energy sector, specializes in developing, constructing, and operating renewable energy projects, particularly in offshore wind. In its latest earnings report, Ørsted announced significant strategic and financial highlights for 2024, reflecting its adaptation to challenging industry conditions. The company reported an EBITDA of DKK 32.0 billion, with substantial earnings from offshore operations and strategic divestments. Despite encountering project-specific challenges, Ørsted continues to expand its renewable capacity, with significant projects underway and a focus on enhancing value through efficiency and innovation. Looking ahead, Ørsted aims to sustain its growth by focusing on financially attractive opportunities and maintaining a strong capital structure, anticipating a higher EBITDA in 2025 driven by new projects coming online and improved operational efficiencies.
