2026 Q2 -tulosraportti
UUTTA
1 päivä sitten
‧1 t 6 min
7,5033 DKK/osake
Viimeisin osinko
0,00%Tuotto/v
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 5.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 13.8. | ||
2026 Q1 -tulosraportti 6.5. | ||
Vuosittainen yhtiökokous 2026 9.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 5.11.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·12 t sittenAI assessment After the press meeting Not good enough to turn the sentiment. My preliminary report card for Rasmus Errboe is 5/10 communicatively: no new damage, but also no convincing "turnaround" narrative. The strongest objective sign is the share price. Shortly after the analyst call, Ørsted is trading around 143.3 kr., approx. -3.3 %, and today's range is approximately 142.05–149.40 kr. The share has thus not received the recovery after 2 PM, which we discussed as a possibility. It is noteworthy because he actually had good arguments to work with: underlying Q2-EBITDA of 5.435 billion kr. against consensus 5.103 billion kr., Offshore above expectation, projects on schedule and within planned costs, net debt significantly reduced and guidance of >28 billion kr. maintained. The problem is that the story continues to sound defensive: "We are on plan" instead of "the risk is significantly reduced". "Value over volume" without concrete new projects or return opportunities. USA: focus on completing existing projects. Dividend: resumed, but starts at a "modest" level and only fixed at the annual report. Ørsted also says that the dividend should grow annually, but the positive element is somewhat drowned out by the caution. And the 1.168 billion kr. in new write-downs gives the market yet another reason not to give management full credit for the stabilization. The most important signal If the analyst call had been really good, I would have expected the share to start recovering some of the morning's fall after 2 PM. We cannot see that. So my assessment is: Financials: 7/10 Operational development: 8/10 Balance sheet: 8/10 Communication: 5/10 Ability to create new investor optimism today: 4/10 In my assessment, he has not made the situation worse, but he has also not gotten the market to change the narrative from "Ørsted is still a risky turnaround" to "Ørsted has now proven that the turnaround works." I will especially keep an eye on the first MarketWire flashes from the analyst Q&A itself. They will be able to show if there were concrete answers about >28 billion-guidance, USA cost-to-complete, further impairments and dividend, which the market did not like. Until they are available, the share price tells us quite clearly: Errboe did not win the analyst call.- ·15 t sittenAI assessment of the 2 PM press conference 2 PM can certainly rectify some things, and I actually assess that the potential for a partial recovery is slightly greater than the risk of a new large fall. But it requires management to communicate much more sharply than at the media call. This is because the hard figures do not look like a classic bad financial report: Q2 EBITDA excl. partnerships/cancellation fees was DKK 5.44 billion against analyst consensus DKK 5.1 billion, full-year guidance of >DKK 28 billion is maintained, and Ørsted says that the projects as a whole are developing within schedule and planned costs. The big negative is the DKK 1.2 billion new impairments, primarily driven by higher US long-term interest rates. (Reuters) I would roughly set the probabilities as follows: After the analyst call My estimate 🟢 The stock recovers some of the fall 45 % ⚪ Limited change 35 % 🔴 The stock is further pressured 20 % This is my estimate, not market consensus. What can turn the sentiment? Analysts will be able to get something much more concrete from management than journalists at the media call. The crucial thing is especially whether Errboe/CFO can make the following clear: 1. ">28 billion" is conservative guidance and not a sign of weak H2. H1 EBITDA is already almost DKK 15 billion. If management can convincingly explain why they still only say "over 28", and at the same time signal good visibility for the rest of the year, the market can become more comfortable. (Reuters) 2. The impairment is not a new project problem. If they clearly establish that the DKK 1.2 billion is primarily due to discount rates and not new cost overruns or operational problems, it will help. It is currently easy for the market to hear "USA + yet another billion impairment" and sell first. (Reuters) 3. Revolution Wind and Sunrise Wind. Here they should preferably provide concrete formulations about remaining investments, timeline, contingency, and expected return. Just "we focus on completing them" is too defensive. 4. The dividend. Here, in my assessment, management has itself created the problem. "Modest level" sounds bad. If the CFO at 2 PM explains that it is the starting level, and that capital distribution can grow in line with cash flow and the balance sheet, the story immediately gets better. What can send it further down? The dangerous thing would be if analysts' questions reveal that: • DKK 28 billion is actually only expected to be reached with a limited margin, • there is still significant cost-to-complete risk in the USA, • more impairments may come, • upcoming growth projects require a lot of capital, while the dividend remains minimal, • or management again answers unclearly to very concrete questions. Then the market gets the narrative confirmed: "Ørsted is stabilized, but there are still too many unknowns." My expectation I don't think the analyst call itself will turn -3/-4 % into +5 %. But a good call can certainly make the stock recover 1–3 percentage points during the afternoon. And the interesting thing is that management actually holds relatively good cards: EBITDA beat consensus, guidance holds, and projects are said to be on budget/schedule. (Reuters) The problem so far is largely how the story is being told. So, 2 PM will, in my opinion, almost be a communication test for Rasmus Errboe: Can he get analysts to hear "turnaround and regained control" instead of "still crisis management"?
17 t sittenIt is not bad as it is projected in the news .. I have not idea what’s the purpose behind .
·18 t sittenMisunderstood half-year report IMO. We have just gotten what we lacked, namely calm and something that could well indicate the turnaround case is underway. I bet offshore wind also faces a very bright future, we need all the energy we can get!
What is there to misunderstand? The impairments continue. Ørsted has taken DKK 2.54 billion in impairments in H1, of which approx. DKK 2.4 billion relates to US offshore. Q2 alone resulted in DKK 1.17 billion in impairments. The reason is primarily higher long-term US interest rates, which have lifted WACC by around 0.5 percentage points. Sunrise Wind appears very interest-sensitive. In the table on page 31, Ørsted has already impaired Sunrise Wind by DKK 1.64 billion and Revolution Wind by DKK 0.51 billion in H1. If WACC merely becomes an additional 0.5 percentage points higher, Ørsted's own sensitivity analysis shows approx. DKK 1.5 billion in additional impairment on Sunrise and DKK 0.5 billion on Revolution Wind. The biggest hidden risk is the US tax credits. Ørsted calculates in the valuation with an extra 10 % ITC bonus with a 95 % probability. If this bonus is not achieved, Ørsted's own table shows a potential negative value effect of around DKK 5.1 billion on Sunrise Wind and DKK 1.4 billion on Revolution Wind. This is not an expected impairment, but it shows how sensitive the projects are.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
UUTTA
1 päivä sitten
‧1 t 6 min
7,5033 DKK/osake
Viimeisin osinko
0,00%Tuotto/v
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·12 t sittenAI assessment After the press meeting Not good enough to turn the sentiment. My preliminary report card for Rasmus Errboe is 5/10 communicatively: no new damage, but also no convincing "turnaround" narrative. The strongest objective sign is the share price. Shortly after the analyst call, Ørsted is trading around 143.3 kr., approx. -3.3 %, and today's range is approximately 142.05–149.40 kr. The share has thus not received the recovery after 2 PM, which we discussed as a possibility. It is noteworthy because he actually had good arguments to work with: underlying Q2-EBITDA of 5.435 billion kr. against consensus 5.103 billion kr., Offshore above expectation, projects on schedule and within planned costs, net debt significantly reduced and guidance of >28 billion kr. maintained. The problem is that the story continues to sound defensive: "We are on plan" instead of "the risk is significantly reduced". "Value over volume" without concrete new projects or return opportunities. USA: focus on completing existing projects. Dividend: resumed, but starts at a "modest" level and only fixed at the annual report. Ørsted also says that the dividend should grow annually, but the positive element is somewhat drowned out by the caution. And the 1.168 billion kr. in new write-downs gives the market yet another reason not to give management full credit for the stabilization. The most important signal If the analyst call had been really good, I would have expected the share to start recovering some of the morning's fall after 2 PM. We cannot see that. So my assessment is: Financials: 7/10 Operational development: 8/10 Balance sheet: 8/10 Communication: 5/10 Ability to create new investor optimism today: 4/10 In my assessment, he has not made the situation worse, but he has also not gotten the market to change the narrative from "Ørsted is still a risky turnaround" to "Ørsted has now proven that the turnaround works." I will especially keep an eye on the first MarketWire flashes from the analyst Q&A itself. They will be able to show if there were concrete answers about >28 billion-guidance, USA cost-to-complete, further impairments and dividend, which the market did not like. Until they are available, the share price tells us quite clearly: Errboe did not win the analyst call.
- ·15 t sittenAI assessment of the 2 PM press conference 2 PM can certainly rectify some things, and I actually assess that the potential for a partial recovery is slightly greater than the risk of a new large fall. But it requires management to communicate much more sharply than at the media call. This is because the hard figures do not look like a classic bad financial report: Q2 EBITDA excl. partnerships/cancellation fees was DKK 5.44 billion against analyst consensus DKK 5.1 billion, full-year guidance of >DKK 28 billion is maintained, and Ørsted says that the projects as a whole are developing within schedule and planned costs. The big negative is the DKK 1.2 billion new impairments, primarily driven by higher US long-term interest rates. (Reuters) I would roughly set the probabilities as follows: After the analyst call My estimate 🟢 The stock recovers some of the fall 45 % ⚪ Limited change 35 % 🔴 The stock is further pressured 20 % This is my estimate, not market consensus. What can turn the sentiment? Analysts will be able to get something much more concrete from management than journalists at the media call. The crucial thing is especially whether Errboe/CFO can make the following clear: 1. ">28 billion" is conservative guidance and not a sign of weak H2. H1 EBITDA is already almost DKK 15 billion. If management can convincingly explain why they still only say "over 28", and at the same time signal good visibility for the rest of the year, the market can become more comfortable. (Reuters) 2. The impairment is not a new project problem. If they clearly establish that the DKK 1.2 billion is primarily due to discount rates and not new cost overruns or operational problems, it will help. It is currently easy for the market to hear "USA + yet another billion impairment" and sell first. (Reuters) 3. Revolution Wind and Sunrise Wind. Here they should preferably provide concrete formulations about remaining investments, timeline, contingency, and expected return. Just "we focus on completing them" is too defensive. 4. The dividend. Here, in my assessment, management has itself created the problem. "Modest level" sounds bad. If the CFO at 2 PM explains that it is the starting level, and that capital distribution can grow in line with cash flow and the balance sheet, the story immediately gets better. What can send it further down? The dangerous thing would be if analysts' questions reveal that: • DKK 28 billion is actually only expected to be reached with a limited margin, • there is still significant cost-to-complete risk in the USA, • more impairments may come, • upcoming growth projects require a lot of capital, while the dividend remains minimal, • or management again answers unclearly to very concrete questions. Then the market gets the narrative confirmed: "Ørsted is stabilized, but there are still too many unknowns." My expectation I don't think the analyst call itself will turn -3/-4 % into +5 %. But a good call can certainly make the stock recover 1–3 percentage points during the afternoon. And the interesting thing is that management actually holds relatively good cards: EBITDA beat consensus, guidance holds, and projects are said to be on budget/schedule. (Reuters) The problem so far is largely how the story is being told. So, 2 PM will, in my opinion, almost be a communication test for Rasmus Errboe: Can he get analysts to hear "turnaround and regained control" instead of "still crisis management"?
- 17 t sittenIt is not bad as it is projected in the news .. I have not idea what’s the purpose behind .
- ·18 t sittenMisunderstood half-year report IMO. We have just gotten what we lacked, namely calm and something that could well indicate the turnaround case is underway. I bet offshore wind also faces a very bright future, we need all the energy we can get!What is there to misunderstand? The impairments continue. Ørsted has taken DKK 2.54 billion in impairments in H1, of which approx. DKK 2.4 billion relates to US offshore. Q2 alone resulted in DKK 1.17 billion in impairments. The reason is primarily higher long-term US interest rates, which have lifted WACC by around 0.5 percentage points. Sunrise Wind appears very interest-sensitive. In the table on page 31, Ørsted has already impaired Sunrise Wind by DKK 1.64 billion and Revolution Wind by DKK 0.51 billion in H1. If WACC merely becomes an additional 0.5 percentage points higher, Ørsted's own sensitivity analysis shows approx. DKK 1.5 billion in additional impairment on Sunrise and DKK 0.5 billion on Revolution Wind. The biggest hidden risk is the US tax credits. Ørsted calculates in the valuation with an extra 10 % ITC bonus with a 95 % probability. If this bonus is not achieved, Ørsted's own table shows a potential negative value effect of around DKK 5.1 billion on Sunrise Wind and DKK 1.4 billion on Revolution Wind. This is not an expected impairment, but it shows how sensitive the projects are.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 5.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 13.8. | ||
2026 Q1 -tulosraportti 6.5. | ||
Vuosittainen yhtiökokous 2026 9.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 5.11.2025 |
2026 Q2 -tulosraportti
UUTTA
1 päivä sitten
‧1 t 6 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 5.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 13.8. | ||
2026 Q1 -tulosraportti 6.5. | ||
Vuosittainen yhtiökokous 2026 9.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 5.11.2025 |
7,5033 DKK/osake
Viimeisin osinko
0,00%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·12 t sittenAI assessment After the press meeting Not good enough to turn the sentiment. My preliminary report card for Rasmus Errboe is 5/10 communicatively: no new damage, but also no convincing "turnaround" narrative. The strongest objective sign is the share price. Shortly after the analyst call, Ørsted is trading around 143.3 kr., approx. -3.3 %, and today's range is approximately 142.05–149.40 kr. The share has thus not received the recovery after 2 PM, which we discussed as a possibility. It is noteworthy because he actually had good arguments to work with: underlying Q2-EBITDA of 5.435 billion kr. against consensus 5.103 billion kr., Offshore above expectation, projects on schedule and within planned costs, net debt significantly reduced and guidance of >28 billion kr. maintained. The problem is that the story continues to sound defensive: "We are on plan" instead of "the risk is significantly reduced". "Value over volume" without concrete new projects or return opportunities. USA: focus on completing existing projects. Dividend: resumed, but starts at a "modest" level and only fixed at the annual report. Ørsted also says that the dividend should grow annually, but the positive element is somewhat drowned out by the caution. And the 1.168 billion kr. in new write-downs gives the market yet another reason not to give management full credit for the stabilization. The most important signal If the analyst call had been really good, I would have expected the share to start recovering some of the morning's fall after 2 PM. We cannot see that. So my assessment is: Financials: 7/10 Operational development: 8/10 Balance sheet: 8/10 Communication: 5/10 Ability to create new investor optimism today: 4/10 In my assessment, he has not made the situation worse, but he has also not gotten the market to change the narrative from "Ørsted is still a risky turnaround" to "Ørsted has now proven that the turnaround works." I will especially keep an eye on the first MarketWire flashes from the analyst Q&A itself. They will be able to show if there were concrete answers about >28 billion-guidance, USA cost-to-complete, further impairments and dividend, which the market did not like. Until they are available, the share price tells us quite clearly: Errboe did not win the analyst call.
- ·15 t sittenAI assessment of the 2 PM press conference 2 PM can certainly rectify some things, and I actually assess that the potential for a partial recovery is slightly greater than the risk of a new large fall. But it requires management to communicate much more sharply than at the media call. This is because the hard figures do not look like a classic bad financial report: Q2 EBITDA excl. partnerships/cancellation fees was DKK 5.44 billion against analyst consensus DKK 5.1 billion, full-year guidance of >DKK 28 billion is maintained, and Ørsted says that the projects as a whole are developing within schedule and planned costs. The big negative is the DKK 1.2 billion new impairments, primarily driven by higher US long-term interest rates. (Reuters) I would roughly set the probabilities as follows: After the analyst call My estimate 🟢 The stock recovers some of the fall 45 % ⚪ Limited change 35 % 🔴 The stock is further pressured 20 % This is my estimate, not market consensus. What can turn the sentiment? Analysts will be able to get something much more concrete from management than journalists at the media call. The crucial thing is especially whether Errboe/CFO can make the following clear: 1. ">28 billion" is conservative guidance and not a sign of weak H2. H1 EBITDA is already almost DKK 15 billion. If management can convincingly explain why they still only say "over 28", and at the same time signal good visibility for the rest of the year, the market can become more comfortable. (Reuters) 2. The impairment is not a new project problem. If they clearly establish that the DKK 1.2 billion is primarily due to discount rates and not new cost overruns or operational problems, it will help. It is currently easy for the market to hear "USA + yet another billion impairment" and sell first. (Reuters) 3. Revolution Wind and Sunrise Wind. Here they should preferably provide concrete formulations about remaining investments, timeline, contingency, and expected return. Just "we focus on completing them" is too defensive. 4. The dividend. Here, in my assessment, management has itself created the problem. "Modest level" sounds bad. If the CFO at 2 PM explains that it is the starting level, and that capital distribution can grow in line with cash flow and the balance sheet, the story immediately gets better. What can send it further down? The dangerous thing would be if analysts' questions reveal that: • DKK 28 billion is actually only expected to be reached with a limited margin, • there is still significant cost-to-complete risk in the USA, • more impairments may come, • upcoming growth projects require a lot of capital, while the dividend remains minimal, • or management again answers unclearly to very concrete questions. Then the market gets the narrative confirmed: "Ørsted is stabilized, but there are still too many unknowns." My expectation I don't think the analyst call itself will turn -3/-4 % into +5 %. But a good call can certainly make the stock recover 1–3 percentage points during the afternoon. And the interesting thing is that management actually holds relatively good cards: EBITDA beat consensus, guidance holds, and projects are said to be on budget/schedule. (Reuters) The problem so far is largely how the story is being told. So, 2 PM will, in my opinion, almost be a communication test for Rasmus Errboe: Can he get analysts to hear "turnaround and regained control" instead of "still crisis management"?
- 17 t sittenIt is not bad as it is projected in the news .. I have not idea what’s the purpose behind .
- ·18 t sittenMisunderstood half-year report IMO. We have just gotten what we lacked, namely calm and something that could well indicate the turnaround case is underway. I bet offshore wind also faces a very bright future, we need all the energy we can get!What is there to misunderstand? The impairments continue. Ørsted has taken DKK 2.54 billion in impairments in H1, of which approx. DKK 2.4 billion relates to US offshore. Q2 alone resulted in DKK 1.17 billion in impairments. The reason is primarily higher long-term US interest rates, which have lifted WACC by around 0.5 percentage points. Sunrise Wind appears very interest-sensitive. In the table on page 31, Ørsted has already impaired Sunrise Wind by DKK 1.64 billion and Revolution Wind by DKK 0.51 billion in H1. If WACC merely becomes an additional 0.5 percentage points higher, Ørsted's own sensitivity analysis shows approx. DKK 1.5 billion in additional impairment on Sunrise and DKK 0.5 billion on Revolution Wind. The biggest hidden risk is the US tax credits. Ørsted calculates in the valuation with an extra 10 % ITC bonus with a 95 % probability. If this bonus is not achieved, Ørsted's own table shows a potential negative value effect of around DKK 5.1 billion on Sunrise Wind and DKK 1.4 billion on Revolution Wind. This is not an expected impairment, but it shows how sensitive the projects are.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt