Ørsted provides preview of main points at today’s extraordinary general meeting and adjusts full-year EBITDA guidance for 2025
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Ørsted A/S (Orsted)
5.9.2025 07:44:04 CEST | Ørsted A/S | Investor News NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, OR SOUTH AFRICA, OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL EGM business update Adjusted 2025 EBITDA guidance primarily driven by lower-than-normal offshore wind speeds The primary driver for the adjustment to the EBITDA guidance is the impact from the lower-than-normal offshore wind speeds across the offshore portfolio, which has had an adverse EBITDA impact of approximately DKK 1.2 billion relative to normalised wind speeds during 2025. A delay of the Greater Changhua 2b construction project will also adversely impact EBITDA in 2025 by approximately DKK 0.3 billion. The above is not expected to impact Ørsted’s medium-term targets. Proposal and strong support for conducting a rights issue Ørsted appreciates the support for the proposal already given by a larger group of shareholders prior to the extraordinary general meeting, including the company's majority shareholder, the Danish State. Background for proposed Rights Issue Specifically, the Rights Issue is intended to enhance the value of Ørsted’s portfolio by:
Legal proceedings against stop-work order for Revolution Wind Revolution Wind will continue to seek to work collaboratively with the US Administration and other stakeholders towards a prompt resolution. Revolution Wind secured all required federal and state permits in 2023, following reviews that began more than nine years ago. Federal reviews and approvals included the U.S. Department of Defence, U.S. Coast Guard, U.S. Army Corps of Engineers, National Marine Fisheries Service, and several other agencies. Revolution Wind has spent and committed billions of dollars in reliance upon this fulsome review process. Read more in the announcement from Revolution Wind. Update on Greater Changhua 2b in Taiwan Continued focus on delivery of the business plan Important notice This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Ørsted A/S in any jurisdiction where such offer or sale would be unlawful, and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions. This announcement and the information contained herein are not for distribution or redistribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the ’United States‘), Canada, Australia, Japan, or South Africa or in any other jurisdiction in which distribution or redistribution would be unlawful. This document does not constitute, or form part of, and should not be construed as an offer to sell, or a solicitation of an offer to subscribe, sell, or purchase, any securities in the United States. The securities of Ørsted A/S have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ’Securities Act‘), or the securities laws of any state or other jurisdiction of the United States and may not be offered, pledged, sold, delivered, taken up, exercised, resold, renounced, or otherwise transferred, directly or indirectly, in or into the United States absent registration under or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, and in each case, in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There is no intention to conduct a public offering of securities in the United States. In any member state of the European Economic Area (‘EEA Member State‘) other than Denmark, this announcement is only addressed to, and is only directed at, investors in that EEA Member State who fulfil the criteria for exemption from the obligation to publish a prospectus, including qualified investors, within the meaning of the Prospectus Regulation. In the United Kingdom, this announcement is only being distributed to and is only directed at: (A) qualified investors, as such term is defined in Article 2 of the UK version of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended from time to time; and who are also (B)(i) investment professionals falling within Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ’Order‘) or (ii) high net worth entities falling within Article 49(2)(a)–(d) of the Order, or (iii) such other persons to whom such communication may be lawfully communicated (the persons described in (A) and (B)(i) through (iii) above together being referred to as ’relevant persons‘). Any person who is not a relevant person should not act or rely on this document or any of its contents. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as ’believe‘, ’expect‘, ’anticipate‘, ’intends‘, ’estimate‘, ’will‘, ’may‘, ’continue‘, ’should‘, and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors, which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this announcement by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to the forward-looking statements set forth herein. Accordingly, the Company urges readers not to place undue reliance on any of the forward-looking statements set forth herein. The information, opinions, and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. This announcement does not constitute an investment recommendation. The price and value of securities and any income from them can go down as well as up, and you could lose your entire investment. Past performance is not a guide to future performance. Information in this announcement cannot be relied upon as a guide to future performance. Morgan Stanley & Co. International, BNP PARIBAS, Danske Bank A/S, J.P. Morgan SE, BofA Securities Europe SA and Goldman Sachs International (the ‘Banks‘) are acting exclusively for the Company and no one else in connection with the planned Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as their client in relation thereto and will not be responsible to anyone other than the Company for providing the protections afforded to their clients or for providing advice in relation to the planned Rights Issue referred to in this announcement or any other transaction, arrangement or matter referred to in this announcement. Further, none of the Banks or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. For further information, please contact: Global Media Relations Investor Relations About Ørsted AttachmentsNews Source: Ørsted A/S Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
| ISIN: | DK0060094928 |
| Category Code: | MSCM |
| TIDM: | Orsted |
| Sequence No.: | 400884 |
| EQS News ID: | 2193426 |
| End of Announcement | EQS News Service |
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