Danish company Orsted (ORSTED.DK) has announced that it has taken a 28.4 billion Danish kroner ($4.03 billion) impairment charge for the first nine months of 2023. Moreover, the company will cease work on its US offshore wind projects Ocean Wind 1 and 2.
The provision created due to the discontinuation of Ocean Wind project development will negatively affect EBITDA in Q4 2023. The company's shares are currently losing more than 18%.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
