Business description: Orsted A/S

Orsted A/S is one of the leading Danish energy groups. Net sales break down by activity as follows:

- development, construction and operation of offshore wind farms (72.6%): 18.7 TWh of wind energy produced in 2025. At the end of 2025, the group had an installed capacity of 10.2 GW;

- production and distribution of electricity, gas and bioenergy (23.3%): electricity (2.5 TWh sold in 2025), gas (21.5 TWh sold) and thermal energy (6.4 TWh produced). In addition, the group is developing an oil transport activity;

- development, construction and operation of onshore wind and solar PV farms (3.9%): operation of onshore wind and solar farms with an installed capacity of 6.3 GW;

- other (0.2%).

Net sales are distributed geographically as follows: Denmark (24.6%), the United Kingdom (48.9%), Taiwan (10.3%), Germany (7.9%), the United States (4.2%), the Netherlands (2.3%), Ireland (0.8%) and other (1%).

Number of employees: 7,896

Sales by Activity: Orsted A/S

Fiscal Period: December 2021 (DKK) 2022 (DKK) 2023 (DKK) 2024 (DKK) 2025 (DKK)

Offshore

50.79B 87.12B 58.43B 53.81B 54.8B

Onshore

995M 3.01B 2.62B 2.72B 2.89B

Bioenergy & Other

32.39B 46.24B 19.23B 15.1B 16.03B

Other Activities/Eliminations

-6.5B -4.1B -1.02B -599M -470M

Geographical breakdown of sales: Orsted A/S

Fiscal Period: December 2021 (DKK) 2022 (DKK) 2023 (DKK) 2024 (DKK) 2025 (DKK)

Great Britain (GB)

- - - 32.47B 35.81B

Denmark (DK)

57.67B 111B 62.88B 17.11B 18B

Taiwan (TW)

831M 5.44B 1.04B 3.08B 7.54B

Germany (DE)

2.08B 432M 1.72B 11.53B 5.81B

United States (US)

1.37B 2.4B 2.03B 2.96B 3.06B

The Netherlands (NL)

81M - 32M 2.56B 1.71B

Other

362M - - 791M 733M

Ireland

230M 937M 659M 541M 582M

Spain

- - 1M - -

Singapore

- 19M 40M - -

France (FR)

- 27M 209M - -

Poland

5M 20M 47M - -

Malaysia

- 2M 11M - -

Sweden

- 721M 413M - -

United Kingdom (UK)

15.05B 11.26B 10.17B - -

Executive Committee: Orsted A/S

Manager TitleAgeSince
Chief Executive Officer 47 31/01/2025
Director of Finance/CFO 64 31/03/2024
Investor Relations Contact - -
Chief Operating Officer 50 31/03/2024
General Counsel 52 31/10/2022

Composition of the Board of Directors: Orsted A/S

Director TitleAgeSince
Director/Board Member 59 31/12/2010
Chairman 67 04/03/2024
Director/Board Member 72 28/02/2021
Director/Board Member 64 06/03/2023
Director/Board Member 62 02/04/2025

Shareholders: Orsted A/S

NameEquities%Valuation
Government of Denmark
50.12 %
662,184,277 50.12 % 15 928 M kr
Equinor Ventures
10 %
132,119,768 10 % 3 178 M kr
Andel A.M.B.A.
5.01 %
66,192,004 5.01 % 1 592 M kr
Nykredit Bank A/S (Investment Management)
0.2375 %
3,137,580 0.2375 % 75 M kr
Guardians of New Zealand Superannuation
0.1538 %
2,032,490 0.1538 % 49 M kr
NameEquities%Valuation
Neuberger Berman Asset Management Ireland Ltd.
-
30,837,000 - 31 M kr
Azimut (DIFC) Ltd.
-
9,000,000 - 9 M kr
BANTLEON AG (CH)
-
6,063,822 - 6 M kr
Euromobiliare Asset Management SGR SpA
-
4,600,000 - 5 M kr
Capfi Delen Asset Management NV
-
4,500,000 - 5 M kr
NameEquities%Valuation
NBC Securities, Inc.
0.00305 %
120,921 0.00305 % 969 545 kr
RhumbLine Advisers LP
0.000991 %
39,293 0.000991 % 315 051 kr
McMillan Office, Inc.
0.000757 %
30,000 0.000757 % 240 540 kr
GAMMA Investing LLC
0.000078 %
3,090 0.000078 % 24 776 kr
Salomon & Ludwin LLC
0.000018 %
718 0.000018 % 5 757 kr

Holdings: Orsted A/S

NameEquities%Valuation
138,525 0.01% 3 M $

Company details: Orsted A/S

Ørsted A/S

Kraftværksvej 53

7000, Fredericia

+45 99 55 11 11

http://www.orsted.com
address Orsted A/S(ORSTED)

Group companies: Orsted A/S

NameCategory and Sector
Electric Utilities
Electric Utilities
ELEVEN MILE SOLAR CENTER, LLC
ELEVEN MILE SOLAR CENTER, LLC
Alternative Power Generation

Other Electric Utilities

Change 5d. change 1-year change 3-years change Capi.($)
+0.34%+2.22%-41.61%-73.12% 34B
-0.16%+8.25%+205.90% - 265B
-0.08%-2.59%+34.79%+16.94% 190B
-0.50%-1.83%+32.60%+73.48% 157B
0.00%-0.29%+37.56%+70.62% 117B
-1.38%-2.25%+3.82%+31.55% 108B
-0.63%+8.13%+42.59%+285.62% 107B
-1.39%-2.91%+6.12%+31.07% 101B
-0.79%+1.11%+26.09%+45.29% 73.47B
-2.09%-0.49%+15.30%+7.68% 56B
Average -0.27%+1.82%+36.32%+54.35% 121.04B
Weighted average by Cap. -0.02%+2.26%+64.26%+65.16%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
163.55DKK
Average target price
155.26DKK
Spread / Average Target
-5.07%

Quarterly revenue - Rate of surprise