Ørsted Navigates Industry Challenges with Steady Earnings

Ørsted A/S has released its 2024 annual financial report, showcasing operational earnings aligned with expectations amidst a challenging year. The company reported an EBITDA of DKK 32.0 billion, a significant increase from DKK 18.7 billion in 2023, aided by a DKK 7.3 billion net reversal of cancellation fees.

Despite industry headwinds, Ørsted has adapted by adjusting its business plan, resulting in a reduced investment program to enhance capital structure. Offshore site earnings surged by DKK 3.6 billion, supported by increased wind farm generation and favorable pricing conditions.

In response to U.S. project difficulties, Ørsted recorded DKK 15.6 billion in impairments, predominantly from decision shifts and market conditions. The company remains confident in its future contributions to renewable energy advancement.