Q1 2025 Oersted A/S Earnings Call Transcript

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May 07, 2025

May 07, 2025 / 12:00PM GMT
Operator

Ladies and gentlemen, welcome to the Ãrsted Q1 2025 earnings call. (Operator Instructions) Today's speakers are Group President and CEO, Rasmus Errboe; and CFO, Trond Westlie. Speakers, please begin.

Rasmus Errboe - Oersted A/S-Group President - Chief Executive Officer, Member of the Group Executive Team

Hello, everyone, and thank you for joining today's presentation. During the first quarter of the year, we have focused on execution of the business plan that we presented in February. As part of the updated plan, we established four key business priorities for us which will be the core focus as we execute on our strategy.

First, it is the strengthening of our capital structure. Secondly, it is the delivery of more than 8 gigawatts offshore construction portfolio. And thirdly, it is a focused and disciplined approach towards capital allocation with value over volume. And finally, we will ensure that Ãrsted is even more competitive in the future.

We will continue to focus on progressing all four

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