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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Orsted A/S    ORSTED   DK0060094928

ORSTED A/S

(ORSTED)
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Shell hires Orsted's Brostrom to lead global renewables unit

10/23/2020 | 05:48am EST

LONDON, Oct 23 (Reuters) - Royal Dutch Shell has hired Orsted's North America Chief Thomas Brostrom as Senior Vice President for its Global Renewable Solutions department starting next year, a Shell spokesman said on Friday.

Shell is cutting around a tenth of its workforce as part of plans by one of the world's biggest oil producers and largest fuel retailer to become a low-carbon energy provider, much like other European oil majors.

Orsted over the past decade has transformed from a diversified utility with oil and gas activities into the biggest developer of offshore wind farms with a quarter of the world's offshore wind capacity.

"(Brostrom) brings a wealth of experience in this field which will be key as we look to grow our capacity for low carbon renewable power generation," said Elisabeth Brinton, executive vice president at Shell New Energies.

Brostrom will start at Shell in August 2021, Danish news agency Ritzau reported.

(Reporting by Shadia Nasralla and Jacob Gronholt-Pedersen; editing by Mark Potter and Jason Neely)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 1.13% 48.24 Delayed Quote.-27.73%
ORSTED A/S 2.46% 1126.5 Delayed Quote.63.50%
ROYAL DUTCH SHELL PLC -0.15% 15.12 Delayed Quote.-42.21%
WTI 1.29% 45.54 Delayed Quote.-26.73%
All news about ORSTED A/S
11/27ORSTED A/S : says largest Dutch offshore wind farm ready to deliver
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11/27Japan power derivatives electrify market as foreigners plug in
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11/27ORSTED A/S : Ørsted's first Dutch offshore wind farm fully commissioned
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11/27Japan power derivatives electrify market as foreigners plug in
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11/26DFDS and Partners to Develop Hydrogen-Powered Ferry
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11/24SSE, Equinor sign PPA for UK Dogger Bank offshore wind farm first phases
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11/24ORSTED A/S : Ørsted signs one of the world's largest route-to-market agreements ..
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11/24ORSTED A/S : aims to install up to 1.6 gigawatt projects in South Korea
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11/18ORSTED A/S : Ørsted strikes deal with labor union on U.S. offshore wind developm..
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11/18ORSTED A/S : 195;rsted A/S Ørsted's Financial Calendar 2021
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More news
Financials
Sales 2020 59 926 M 9 638 M 9 638 M
Net income 2020 14 965 M 2 407 M 2 407 M
Net Debt 2020 19 722 M 3 172 M 3 172 M
P/E ratio 2020 30,3x
Yield 2020 1,00%
Capitalization 473 B 76 037 M 76 106 M
EV / Sales 2020 8,23x
EV / Sales 2021 8,27x
Nbr of Employees 6 120
Free-Float 44,8%
Chart ORSTED A/S
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Orsted A/S Technical Analysis Chart | MarketScreener
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Technical analysis trends ORSTED A/S
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 913,13 DKK
Last Close Price 1 126,50 DKK
Spread / Highest target 24,3%
Spread / Average Target -18,9%
Spread / Lowest Target -51,6%
EPS Revisions
Managers
NameTitle
Henrik Poulsen Chief Executive Officer
Thomas Thune Andersen Chairman
Marianne Wiinholt Chief Financial Officer
Benny Gøbel Non-Independent Director
Lene Skole-Sørensen Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ORSTED A/S63.50%76 037
NEXTERA ENERGY24.10%147 185
WEC ENERGY GROUP4.09%30 200
CONSOLIDATED EDISON, INC.-13.05%26 042
TERNA S.P.A.6.35%15 207
CEZ, A. S.-7.36%11 487