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Ørsted A/S (0RHE.IL)

IOB - IOB Delayed price. Currency in DKK
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391.40+2.70 (+0.69%)
As of 02:45PM BST. Market open.
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  • Reuters

    Wind farm developer Orsted confident about strategy after Q1 profit rises

    Orsted, the world's biggest offshore wind farm developer, reported on Thursday a rise in first-quarter operating profit thanks to higher earnings from its offshore wind farms, and confirmed its full-year guidance. The offshore wind industry has been struggling with rising inflation, interest rate hikes and supply chain delays. Following a strategic review of its business, Orsted, which is 51%-owned by the Danish state, trimmed in February its investment and capacity targets, paused dividend payouts, and its finance and operations chiefs stepped down.

  • CityAM

    Orsted sells stake in four US wind farms as group continues to navigate market uncertainty

    Going forward, Orsted said it would continue to operate the wind farms, but Stonepeak will receive 80 per cent of the cash distributed by the assets.

  • Reuters

    Orsted must restore investor confidence, says new chair

    Denmark's Orsted must restore investor confidence, new chair Lene Skole said on Tuesday after a shareholder meeting elected her to oversee the offshore wind power giant's turnaround drive. She takes the role as the world's largest offshore wind farm developer looks to bounce back from a string of losses and project cancellations. Late last year, the company scrapped two U.S. offshore wind projects.