Business Segments Orsted A/S

Equities

Real-time Estimate Cboe Europe Other stock markets 20:20:58 17/04/2026 HKT			5-day change	1st Jan Change
156.88 ^DKK	-1.34%		-4.62%	+28.28%

07:39pm	SEB Bank Upgrades Orsted to Buy, Boosts PT	MT
12:08pm	SEB upgrades Ørsted to Buy from Hold, raises price target to DKK 190 (150)	FW

Breakdown by Business Segment (DKK)

Fiscal Period: December	2021	2022	2023	2024	2025
Electric Power By Wind Energy
Offshore	50.79B	87.12B	58.43B	53.81B	54.8B
CAPEX	-23.42B	-26.71B	-28.61B	-33.02B	-47.72B
EBITDA	18.02B	19.57B	13.82B	26.47B	16.28B
D&A	5.99B	7.01B	6.82B	7.09B	7.02B
Operating Income	11.96B	10.03B	-18.52B	5.14B	6.08B
Onshore	995M	3.01B	2.62B	2.72B	2.89B
CAPEX	-15.52B	-10.4B	-9.07B	-7.39B	-5.12B
EBITDA	1.35B	3.64B	2.97B	3.86B	4.87B
D&A	903M	1.64B	1.96B	2.19B	2.09B
Operating Income	386M	2B	86M	352M	2.32B
Alternative Energy Resources
Bioenergy & Other	32.39B	46.24B	19.23B	15.1B	16.03B
CAPEX	-274M	-267M	-727M	-2.25B	-2.05B
EBITDA	4.75B	8.62B	1.52B	1.08B	1.36B
D&A	831M	859M	759M	667M	770M
Operating Income	3.92B	7.76B	442M	415M	588M
Unallocated Adjustments	-	-	-	-	-
EBITDA	-	-	-	-	-
Operating Income	-	-	-	-	-
Other Activities/Eliminations	-6.5B	-4.1B	-1.02B	-599M	-470M
CAPEX	-92M	-74M	-100M	-144M	-83M
EBITDA	179M	225M	407M	544M	-57M
D&A	245M	245M	264M	277M	312M
Operating Income	-66M	-20M	143M	267M	-369M
Electric Power Distribution
Customer Solutions	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electric Power Generation By Fossil Fuels
Bioenergy	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-

Geographical breakdown of sales (DKK)

Fiscal Period: December	2021	2022	2023	2024	2025
Great Britain (GB)	-	-	-	32.47B	35.81B
Total Assets	-	-	-	45.45B	38.72B
Denmark (DK)	57.67B	111B	62.88B	17.11B	18B
Total Assets	9.71B	12.18B	11.14B	11.75B	13.62B
EBT	5.58B	8.4B	7.78B	-	-
Taiwan (TW)	831M	5.44B	1.04B	3.08B	7.54B
Total Assets	16.23B	24.48B	28.76B	33.18B	41.18B
EBT	-168M	-124M	-997M	-	-
Germany (DE)	2.08B	432M	1.72B	11.53B	5.81B
Total Assets	11.54B	15.14B	17B	23.46B	18.95B
EBT	-315M	1.8B	1.16B	-	-
United States (US)	1.37B	2.4B	2.03B	2.96B	3.06B
Total Assets	51.04B	68.35B	69.14B	77.47B	83.99B
EBT	-978M	-3.4B	-37.53B	-	-
The Netherlands (NL)	81M	-	32M	2.56B	1.71B
Total Assets	4.9B	4.72B	4.34B	3.98B	3.59B
EBT	5.32B	1B	395M	-	-
Other	362M	-	-	791M	733M
Total Assets	23M	5M	739M	87M	43M
EBT	-389M	-30M	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-21M	-54M	-	-
Ireland	230M	937M	659M	541M	582M
Total Assets	4.93B	5.02B	4.45B	4.69B	194M
EBT	-73M	305M	-495M	-	-
Spain	-	-	1M	-	-
EBT	-	-	-73M	-	-
EBT	-	-	-6M	-	-
EBT	-	-	-12M	-	-
EBT	-	-	-7M	-	-
Singapore	-	19M	40M	-	-
EBT	-	21M	30M	-	-
EBT	-	-120M	-191M	-	-
EBT	-	-85M	-35M	-	-
France (FR)	-	27M	209M	-	-
Total Assets	-	1.36B	1.59B	-	-
EBT	-	27M	79M	-	-
Unallocated	-	-	-	-	-
Revenues from Intra Group Transactions	-	-	-	-	-
Poland	5M	20M	47M	-	-
Total Assets	1.22B	1.48B	2.3B	4.23B	11.34B
EBT	-12M	7M	97M	-	-
Malaysia	-	2M	11M	-	-
EBT	-5M	24M	177M	-	-
Unallocated Adjustments	-	-	-	-	-
Sweden	-	721M	413M	-	-
EBT	-	-85M	-112M	-	-
United Kingdom (UK)	15.05B	11.26B	10.17B	-	-
Total Assets	63.33B	48.96B	43.75B	-	-
EBT	4.32B	9.88B	10.76B	-	-