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- Q4 2023 Oersted A/S Earnings Press Conference TranscriptFeb 07, 2024
- Q3 2023 Orsted A/S Earnings Call TranscriptNov 01, 2023$35.76 (-27.14%)Earnings
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- Q2 2023 Orsted A/S Earnings Call TranscriptAug 10, 2023$85.79 (+0.18%)Earnings
- Orsted A/S Capital Markets Day TranscriptJun 08, 2023
- Q1 2023 Orsted A/S Earnings Call TranscriptMay 03, 2023$90.19 (+2.03%)Earnings
- Q4 2022 Orsted A/S Earnings Call TranscriptFeb 01, 2023$88.23 (+0.43%)Earnings
- Preliminary Q4 2022 Orsted A/S Earnings Call TranscriptJan 20, 2023$88.77 (-9.68%)Earnings
- Q3 2022 Orsted A/S Earnings Call TranscriptNov 03, 2022$81.32 (-0.18%)Earnings
- Q2 2022 Orsted A/S Earnings Call TranscriptAug 11, 2022$109.2 (-7.46%)Earnings
- Q1 2022 Orsted A/S Earnings Call TranscriptApr 29, 2022$113.44 (+0.39%)Earnings
- Q4 2021 Orsted A/S Earnings Call TranscriptFeb 02, 2022$109.35 (+5.63%)Earnings
- Q3 2021 Orsted A/S Earnings Call TranscriptNov 03, 2021$139.8 (-3.44%)Earnings
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- Q3 2020 Orsted A/S Earnings Call TranscriptOct 28, 2020$149.87 (-4.27%)Earnings
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- Orsted A/S Provides COVID-19 Update Call TranscriptMar 25, 2020
- Q4 2019 Orsted A/S Earnings Call TranscriptJan 30, 2020$108.1 (-2.18%)Earnings
- Q3 2019 Orsted A/S Earnings Call TranscriptOct 30, 2019$88.77 (+3.76%)Earnings
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- Q1 2019 Orsted A/S Earnings Call TranscriptMay 01, 2019$77.55 (+0.98%)Earnings
Q3 2023 Orsted A/S Earnings Call Transcript
Welcome to this Orsted Q3 2023 Earnings Call. This call is being recorded. (Operator Instructions) Today's speakers are Group President and CEO, Mads Nipper; and CFO, Daniel Lerup. Speakers, please begin.
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Thank you very much and welcome to this earnings call for our third quarter of 2023. Since our announcement on August 29 where we anticipated an impairment of up to DKK 16 billion, several developments of both positive, but regrettably most negative have materialized in our U.S. offshore projects. These include developments on expected ITC qualification, unsuccessful OREC petition in New York, continued increase of long-dated interest rates and additional supply chain costs. And based on this development, we have decided to cease the development of Ocean Wind 1 and Ocean Wind 2. The sum of these developments is a highly unsatisfactory situation where the net result of impairments at Q3 are materially higher than estimated end
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