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Ørsted — Earnings Release 2022
Feb 1, 2023
3378_10-k_2023-02-01_ba4fe8b8-9a91-4a62-8b7a-5306684bc3f3.pdf
Earnings Release
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Company announcement No. 2/2023
Ørsted Kraftværksvej 53 Skærbæk DK-7000 Fredericia
www.orsted.com Company registration no. (CVR no.) 36 21 37 28
1 February 2023
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| DKK million | Q4 2022 | Q4 2021 | % | 2022 | 2021 | % |
|---|---|---|---|---|---|---|
| EBITDA | 6,696 | 8,253 | (19 %) | 32,057 | 24,296 | 32 % |
| - New partnerships | 77 | 3,211 | (98 %) | 10,993 | 8,507 | 29 % |
| - EBITDA excl. new partnerships | 6,619 | 5,042 | 31 % | 21,064 | 15,789 | 33 % |
| Profit (loss) for the period | (329) | 3,258 | n.a. | 14,996 | 10,887 | 38 % |
| Cash flow from operating activities | 20,915 | 668 | n.a. | 11,924 | 12,148 | (2 %) |
| Gross investments | (9,826) | (11,752) | (16 %) | (37,447) | (39,307) | (5 %) |
| Divestments | 983 | 10,952 | (91 %) | 25,636 | 21,519 | 19 % |
| Free cash flow | 12,072 | (132) | n.a. | 113 | (5,640) | n.a. |
| Net interest-bearing debt | 30,571 | 24,280 | 26 % | 30,571 | 24,280 | 26 % |
| FFO/adjusted net debt | 43 % | 26 % | 16 %p | 43 % | 26 % | 16 %p |
| ROCE | 17 % | 15 % | 2 %p | 17 % | 15 % | 2 %p |
Earnings call
In connection with the presentation of the annual report, an earnings call for investors and analysts will be held on Wednesday, I February 2023 at 14:00 CET.
Denmark: +45 78 76 84 90 The UK: +44 203 769 6819 The US: +1 646 787 0157
PIN: 994005
The earnings call can be followed live at: https://orsted-events.eventcdn.net/events/annual-report-2022
Presentation slides will be available prior to the earnings call at: Investors | Ørsted (orsted.com)
The annual report and reports about remuneration, sustainability and ESG performance are available for download at:
https://orsted.com/en/investors/ir-material/annual-reporting-2022
For further information, please contact:
Media Relations
Martin Barlebo +45 99 55 95 52
Investor Relations
Rasmus Keglberg Hærvig +45 99 55 90 95 [email protected]
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, Ørsted employs approx. 7,700 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.
Attachments to this company announcement: Annual report 2022 (pdf) Company announcement (pdf) Investor presentation (pdf)