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

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 05-FEB-202517:23:30.173 GMT

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