Ørsted shares rise after 2026 forecast confirmed

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Ørsted shares rise after 2026 forecast confirmed
Photo: Sebastian Elias Uth /AP/TT

Danish energy group Ørsted reported an operating loss of just over 1 billion Danish kroner for the fourth quarter of last year. However, it confirmed its forecast for 2026, which lifted its shares by 4.5 percent on the Copenhagen Stock Exchange.

The loss - which is linked to costs arising from the Trump administration's opposition to wind power projects in the US - was unexpected. Analysts had expected an operating profit of 1.3 billion, according to Bloomberg.

However, sales increased 9.8 percent year-on-year to 23.1 billion Danish kroner. This was significantly more than the expected 19.6 billion.

For 2026, Ørsted confirms the forecast of an operating profit excluding non-recurring items of DKK 28 billion, and gross investments during the year are estimated to be DKK 50-55 billion.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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