Weighed down by delays and project abandonment, the Danish renewable energy specialist Orsted revealed on Thursday August 15 a heavy net loss in the second quarter, multiplied by almost three over a year, leading to the fall of the stock on the stock market.
From April to June, Orsted recorded a net loss of 1,678 billion crowns (225 million euros). Its turnover increased by 3%, to 15 billion.
Thursday August 15 at 09:15 GMT, Orsted shares fell 7% to 392,8 crowns.
Impairments during the quarter amounted to 3,9 billion crowns. The group has decided to close a green fuel project for container ships (FlagshipOne) because of its cost and deplores delays on an offshore wind project in the United States, which should begin operations in 2026 rather than 2025 .
These announcements arouse investor concern, especially since the group had already canceled a huge offshore wind farm project in the United States in 2023 and announced it was reducing its investments.
In February, to strengthen its finances, Orsted said it would waive the payment of any dividend for the financial years from 2023 to 2025.
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