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Danish energy company Ørsted's financial forecast has once again proven accurate, marking another profitable year.

Wind energy giant Ørsted reduces EBITDA projection for 2025 to between 24-27 billion Danish krone, citing insufficient wind conditions and setback in projects.

"Ørsted's Financials: Predictions Proven Correct - Revenue Projections Fulfilled Once More"
"Ørsted's Financials: Predictions Proven Correct - Revenue Projections Fulfilled Once More"

Danish energy company Ørsted's financial forecast has once again proven accurate, marking another profitable year.

Ørsted, the Denmark-based offshore wind power specialist, is facing some hurdles in achieving its medium-term targets. The company has revised its outlook for the current fiscal year, expecting a lower adjusted EBITDA due to several factors.

The revised outlook is primarily attributed to below-average wind speeds at sea in July and August, which have had an impact on the company's earnings. As a result, Ørsted is forecasting an EBITDA burden of 0.3 billion Krones due to the delay in the construction project, Greater Changhua 2b.

The Greater Changhua 2b is a significant project for Ørsted, and the delay is expected to have a negative impact on the company. The project, which was scheduled for construction, has been delayed, adding to the challenges Ørsted is facing.

The delay in the Greater Changhua 2b construction project is not the only factor affecting Ørsted's medium-term targets. The revised outlook for the current fiscal year and the delay in the project have combined to create a challenging situation for the offshore wind power specialist.

The main shareholder of Ørsted is the Danish state, holding just over 50% of the shares. The Norwegian oil and gas company Equinor holds a 10% stake and will participate in the planned capital increase by subscribing to new shares worth up to 6 billion Danish kroner (about 940 million euros) to maintain its stake.

Despite the challenges, Ørsted remains optimistic about its future. The revised adjusted EBITDA for the 2025 fiscal year is expected to be between 24 and 27 billion Krones (approximately 3.21 to 3.62 billion Euros). It's important to note that the adjusted EBITDA excludes new partnerships and cancellation fees.

As Ørsted's stock once again grapples with the psychologically significant 200 Danish Krone mark, investors will be closely watching the company's progress in the coming months. With the challenges posed by the revised outlook and the delay in the Greater Changhua 2b construction project, Ørsted will need to navigate these difficulties to achieve its medium-term targets.

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