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    ORSTED   DK0060094928

ORSTED A/S

(ORSTED)
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Orsted A/S : ěrsted Welcomes UK Government Net Zero Strategy

10/20/2021 | 04:31am EST

Duncan Clark, Head of UK Region for Ørsted, said:

"The UK Government's Net Zero Strategy and Net Zero Review are very welcome as they underline once again the fiscal, social and environmental case for investing to achieve a zero carbon economy. Delivering at least 40GW ofoffshore windby 2030 will be crucial to achieving net zero in the UK and will also unlock huge opportunities, both domestically and overseas, for companies in the world class UK supply chainto market the skills and innovative technologies that have been fostered in the UK offshore wind industry.

"Offshore wind underpins the most cost-effective way to achieve the UK's net zero ambitions and delivering 40GW of offshore wind by 2030 is an essential first step on this roadmap. This is a challenging target, but achievable if Government and the industry continue to work together to remove barriers to deployment and ensure the UK project pipeline has access to regular Contracts for Difference auctions - providing route to market for investors. Regular release of suitable sea areas is also essential to keep the project pipeline for net zero well stocked.Alongside this, we must also fully exploit the potential of innovative technologies like renewable hydrogen and floating wind to accelerate our progress to a more sustainable, low-carbon future."

Disclaimer

Ørsted A/S published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 08:30:04 UTC.


ę Publicnow 2021
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Financials
Sales 2021 56 802 M 8 633 M 8 633 M
Net income 2021 11 183 M 1 700 M 1 700 M
Net Debt 2021 22 713 M 3 452 M 3 452 M
P/E ratio 2021 31,2x
Yield 2021 1,51%
Capitalization 343 B 52 187 M 52 138 M
EV / Sales 2021 6,44x
EV / Sales 2022 6,36x
Nbr of Employees 6 672
Free-Float 44,8%
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Mean consensus HOLD
Number of Analysts 25
Last Close Price 816,40 DKK
Average target price 979,26 DKK
Spread / Average Target 19,9%
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Managers and Directors
Mads Nipper Group President & Chief Executive Officer
Marianne Wiinholt Chief Financial Officer
Thomas Thune Andersen Chairman
Richard Hunter Chief Operating Officer
Lene Skole-S°rensen Deputy Chairman
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