Earnings report 📈 Stocks 🌍 Denmark

Ørsted Reports 19% EBITDA Growth and Maintains Full-Year Guidance

Ørsted reports strong Q3 EBITDA growth of 72% and maintains its full-year outlook, despite a 61% decline in nine-month profits caused by rising impairments.

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1 assets impacted (Stocks). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: ORSTED ↑ 6/10 (68% confidence).

📊 Affected Assets (1)

ORSTED
Bullish 🤖 68%
📅 Short-term 🌍 DK · Explicit

On 5 November 2026 Ørsted reported Q3 EBITDA of DKK 5,260m, up 72%, and 9M EBITDA excluding partnerships and cancellation fees of DKK 20,240m, up 19%, while keeping full-year EBITDA guidance above DKK 28bn and cutting 2026 gross investment guidance by DKK 5bn. These support the equity, though 9M impairments of DKK 5,979m and a 61% drop in profit to DKK 2,580m temper the positive read.

Catalysts
  • ▲ Q3 EBITDA DKK 5,260m, up 72% year on year
  • ▲ Full-year 2026 EBITDA guidance maintained above DKK 28bn
Risk Factors
  • ▼ 9M impairments DKK 5,979m, up 297%
  • ▼ 9M profit down 61% to DKK 2,580m
▼ Show FAQ (2) ▲ Hide FAQ
What full-year guidance did Ørsted maintain?

Ørsted maintained full-year EBITDA guidance of above DKK 28 billion excluding new partnerships and cancellation fees.

Did profit rise with EBITDA?

No. For the first nine months of 2026, profit fell 61% to DKK 2,580m despite EBITDA growth, with impairments of DKK 5,979m.

🧭 Full analysis of these assets

🎯 Key Takeaways

  • Q3 EBITDA rose 72% year-on-year to DKK 5,260 million.
  • Full-year 2026 EBITDA guidance remains above DKK 28 billion.
  • 2026 gross investment guidance cut by DKK 5 billion to DKK 45-50 billion.
  • Nine-month profit dropped 61% to DKK 2,580 million, impacted by DKK 5,979 million in impairments.

📝 Executive Summary

Ørsted posted a 72% jump in Q3 EBITDA to DKK 5,260 million, driven by strong operational execution and the commissioning of new offshore wind farms. While 9M profit fell 61% to DKK 2,580 million due to significant impairments, the company maintained its full-year EBITDA guidance above DKK 28 billion and reduced its 2026 gross investment forecast by DKK 5 billion.

❓ FAQ

What full-year guidance did Ørsted maintain?

Ørsted maintained full-year EBITDA guidance of above DKK 28 billion excluding new partnerships and cancellation fees.

Did profit rise with EBITDA?

No. For the first nine months of 2026, profit fell 61% to DKK 2,580m despite EBITDA growth, with impairments of DKK 5,979m.