Ørsted To Reduce Investment Programme By 25% Towards 2030
Reuters
02-06
Feb 5 (Reuters) - Oersted A/S :: *ØRSTED A/S ØRSTED ADJUSTS ITS BUSINESS PLAN TO STRENGTHEN THE CAPITAL STRUCTURE THROUGH A DISCIPLINED, VALUE-FOCUSED CAPITAL ALLOCATION WITH A REDUCED INVESTMENT PROGRAMME *OERSTED A/S - ØRSTED TO REDUCE INVESTMENT PROGRAMME BY 25% TOWARDS 2030 *OERSTED A/S - ØRSTED TARGETS TO REINSTATE DIVIDENDS FROM 2026 *OERSTED A/S - ØRSTED PLANS DKK 210-230 BILLION INVESTMENT PROGRAMME FOR 2024-2030 *OERSTED A/S - ØRSTED EXPECTS EBITDA TO INCREASE TO DKK 29-33 BILLION IN 2026 *ORSTED: ØRSTED MAINTAINS ITS TARGET TO REINSTATE DIVIDENDS FROM FINANCIAL YEAR 2026. *ORSTED - PREVIOUS AMBITION FOR INSTALLED RENEWABLE CAPACITY OF 35-38 GW BY 2030 HAVE BEEN DISCONTINUED *ORSTED - PREVIOUS AMBITION FOR TARGETED EBITDA (EXCLUDING NEW PARTNERSHIPS) OF APPROX. DKK 39-43 BILLION IN 2030 HAVE BEEN DISCONTINUED *ORSTED - MAINTAINS ITS TARGET TO REINSTATE DIVIDENDS FROM FINANCIAL YEAR 2026 *ORSTED - WILL CONTINUE OUR COMPANY-WIDE EFFICIENCY PROGRAMME TO FURTHER DRIVE COST EFFICIENCY BEYOND DKK 1 BILLION SAVINGS PLAN IMPLEMENTED DURING 2024 *ORSTED - DO NOT EXPECT TO CONSTRUCT AT SAME PACE AS CURRENT BUILD-OUT PROGRAMME, WILL ALSO BE RIGHTSIZING OUR COST BASE & ORGANISATION CONTINUOUSLY