ORSTED SWINGS TO QUARTERLY NET LOSS AS TRUMP'S OFFSHORE WIND BATTLE TAKES ITS TOLL
https://image.cnbcfm.com/api/v1/image/108221589-1762332255208-gettyimages-2242717799-REVOLUTION_WIND_ASSEMBLY.jpeg?v=1762332282&w=1920&h=1080
✍️ Orsted, a Danish renewables giant, reported a quarterly net loss due to anti-wind policies by US President Donald Trump, but reiterated its full-year earnings guidance.
👉 Orsted reported a quarterly net loss of 1.7 billion Danish kroner 👉 The company flagged third-quarter impairment costs of nearly 1.8 billion Danish kroner 👉 Orsted reiterated its full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of 24-27 billion Danish kroner 👉 The company announced a deal to sell a 50% stake in its Hornsea 3 offshore wind farm in the U.K. to Apollo Global Management in a deal worth $6 billion
-- #RasmusErrboe #StatePier #NewLondon #Connecticut #U.K. #business
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