ØRSTED A/S Business Summary
- development, construction and operation of offshore wind farms (72%): 17.8 TWh of wind energy produced in 2023. At the end of 2023, the group had an installed capacity of 8.9 GW;
- production and distribution of electricity, gas and bioenergy (24.6%): electricity (2.6 TWh sold in 2023), gas (16.9 TWh sold) and thermal energy (6.6 TWh produced). In addition, the group is developing an oil transport activity;
- development, construction and operation of onshore wind and solar PV farms (3.3%): operation of onshore wind and solar farms with an installed capacity of 4.2 GW;
- other (0.1%).
Net sales are distributed geographically as follows: Denmark (79.3%), the United Kingdom (12.8%), the United States (2.6%), Germany (2.2%), Taiwan (1.3%), Ireland (0.8%), Sweden (0.5%) and other (0.5%).
Sales per Business
| DKK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Offshore
72.0
%
| 78,970 | 59.7 % | 57,062 | 72.0 % | -27.74% |
Bioenergy & Other
24.6
%
| 50,279 | 38.0 % | 19,525 | 24.6 % | -61.17% |
Onshore
3.3
%
| 3,014 | 2.3 % | 2,643 | 3.3 % | -12.31% |
Other Activities/Eliminations
0.0
%
| 14 | 0.0 % | 25 | 0.0 % | +78.57% |
Sales per region
| DKK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Denmark
79.3
%
| 111,020 | 83.9 % | 62,884 | 79.3 % | -43.36% |
United Kingdom
12.8
%
| 11,264 | 8.5 % | 10,169 | 12.8 % | -9.72% |
United States
2.6
%
| 2,396 | 1.8 % | 2,027 | 2.6 % | -15.40% |
Germany
2.2
%
| 432 | 0.3 % | 1,721 | 2.2 % | +298.38% |
Taiwan
1.3
%
| 5,439 | 4.1 % | 1,042 | 1.3 % | -80.84% |
Ireland
0.8
%
| 937 | 0.7 % | 659 | 0.8 % | -29.67% |
Sweden
0.5
%
| 721 | 0.5 % | 413 | 0.5 % | -42.72% |
France
0.3
%
| 27 | 0.0 % | 209 | 0.3 % | +674.07% |
Poland
0.1
%
| 20 | 0.0 % | 47 | 0.1 % | +135.00% |
Singapore
0.1
%
| 19 | 0.0 % | 40 | 0.1 % | +110.53% |
Netherlands
0.0
%
| 0 | 0.0 % | 32 | 0.0 % | - |
Malaysia
0.0
%
| 2 | 0.0 % | 11 | 0.0 % | +450.00% |
Spain
0.0
%
| - | - | 1 | 0.0 % | - |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
Mads Nipper
CEO | Chief Executive Officer | 58 | 31/12/20 |
| Director of Finance/CFO | 61 | 03-31 | |
Andrew Brown
BRD | Director/Board Member | 62 | 06/03/23 |
| Investor Relations Contact | - | - | |
Sten Stoltze
PRN | Corporate Officer/Principal | - | - |
Ingrid Reumert
PRN | Corporate Officer/Principal | 48 | 30/04/22 |
| General Counsel | 50 | 31/12/04 | |
Varun Sivaram
PRN | Corporate Officer/Principal | 35 | 05/02/23 |
Rasmus Errboe
PRN | Corporate Officer/Principal | 45 | 31/12/11 |
| Corporate Officer/Principal | - | - |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
Dieter Wemmer
BRD | Director/Board Member | 67 | 07/03/18 |
Peter Korsholm
BRD | Director/Board Member | 53 | 01/03/17 |
| Chairman | 65 | 03/03/15 | |
Benny Gøbel
BRD | Director/Board Member | 57 | 31/12/04 |
Andrew Brown
BRD | Director/Board Member | 62 | 06/03/23 |
| Director/Board Member | 70 | 28/02/21 | |
Annica Bresky
BRD | Director/Board Member | 49 | 06/03/23 |
| Director/Board Member | 41 | 31/12/16 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 420,381,080 | 188,260,614 ( 44.78 %) | 150,784 ( 0.0359 %) | 44.78 % |
Holdings
| Name | Equities | % | Valuation |
|---|---|---|---|
ORSTED A/S 0.04% | 150,784 | 0.04% | 8,337,559 $ |
Company contact information
Group companies
| Name | Category and Sector |
|---|---|
Ørsted Salg & Service A/S
 Ørsted Salg & Service A/S Alternative Power GenerationUtilities Ørsted Salg & Service A/S generates wind power. The private company is based in Denmark and ultimately controlled by the Government of Denmark. |
Alternative Power Generation
|
Orsted Sales GmbH
 Orsted Sales GmbH Electric UtilitiesUtilities Orsted Sales GmbH engages in the distribution and supply of energy. It also offers renewable energy solutions. The company was founded in 2006 and is headquartered in Hamburg, Germany. |
Electric Utilities
|
Ørsted Sales & Distribution A/S
 Ørsted Sales & Distribution A/S Alternative Power GenerationUtilities Ørsted Sales & Distribution A/S provides distribution and customer solutions. It also provides administration, consulting, operation services within electricity and energy sectors. The company was founded on November 25, 1902 and is headquartered in Fredericia, Denmark. |
Alternative Power Generation
|
Ørsted Services A/S
 Ørsted Services A/S Oil & Gas ProductionEnergy Minerals Ørsted Services A/S provides solutions and services within renewable energy sector. The company was founded on October 1, 2003 and is headquartered in Fredericia, Denmark. |
Oil & Gas Production
|
Orsted Onshore North America LLC
 Orsted Onshore North America LLC Alternative Power GenerationUtilities Lincoln Clean Energy LLC develops, owns, and operates wind farms. Its operational projects include Oak Solar, Lone Valley 1, Lone Valley 2, Hereford Wind, Jumbo Road Wind, and Horse Creek Wind. The firm’s development projects include LCE development pipeline and Electra Wind, Nazareth Solar, Rockwood Energy Center, and Shawnee Energy Center. The company was founded by Declan Flanagan, James R. Estes, Alex S. Kessel, Avy H. Stein and Christopher G. Boehm in 2009 and is headquartered in Chicago, IL. |
Alternative Power Generation
|
DONG Energy Insurance A/S
| |
Ørsted Bioenergy & Thermal Power A/S
 Ørsted Bioenergy & Thermal Power A/S Alternative Power GenerationUtilities Ørsted Bioenergy & Thermal Power A/S generates and supplies thermal power electricity. The private company is based in Skærbæk, Denmark. The Danish company is a subsidiary of Ørsted A/S and ultimately controlled by the Government of Denmark. The CEOs are Henriette Fenger Ellekrog and Ole Thomsen. The company was founded in 2003. |
Alternative Power Generation
|
Burbo Extension Ltd.
 Burbo Extension Ltd. Alternative Power GenerationUtilities Part of Kirkbi A/S, Burbo Extension Ltd. is a British company that provides energy generation and gas distribution services. The private company is based in London, UK and was founded in 2010. |
Alternative Power Generation
|
Ørsted Wind Power Denmark A/S
 Ørsted Wind Power Denmark A/S Alternative Power GenerationUtilities Ørsted Wind Power Denmark A/S generates wind energy. The private company is based in Fredericia, Denmark and ultimately controlled by the Government of Denmark. |
Alternative Power Generation
|
Sales per Business
Sales per region
| 1st Jan change | Capi. | |
|---|---|---|
| +26.61% | 155B | |
| +13.30% | 86.06B | |
| +4.09% | 83B | |
| +6.75% | 78.96B | |
| +1.66% | 73.77B | |
| +91.15% | 68.64B | |
| +13.64% | 47.86B | |
| 0.00% | 45.4B | |
| +13.33% | 44.29B |
