Ørsted Overview

  • Year Founded
  • 1972

Year Founded

  • Status
  • Public

  • Employees
  • 8,905

Employees

  • Stock Symbol
  • ORSTED

Stock Symbol

  • Investments
  • 93

  • Share Price
  • $54.93
  • (As of Friday Closing)

Ørsted General Information

Description

Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 8.9 gigawatts of offshore wind farms at the end of 2023. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the U.S. Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is also involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.

Contact Information

Website
www.orsted.com
Formerly Known As
Dansk Olie og Naturgas, Dansk Naturgas, DONG Energy
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Energy Production
Other Industries
Energy Infrastructure
Stock Exchange
CSE
Corporate Office
  • Kraftværksvej 53
  • Skærbæk
  • 7000 Fredericia
  • Denmark
+45 99 00 00 00

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Ørsted Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$54.93 $55.68 $35.17 - $99.49 $23.8B 420M 671K -$7.27

Ørsted Financials Summary

In Thousands,
USD
TTM 31-Dec-2023 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 29,854,692 29,854,692 44,385,281 57,415,293
Revenue 10,024,293 10,024,293 15,296,933 10,993,465
EBITDA (956,906) (956,906) 4,243,895 3,323,846
Net Income (2,975,783) (2,975,783) 2,137,848 1,743,016
Total Assets 41,740,804 41,740,804 45,213,949 41,162,322
Total Debt 13,072,359 13,072,359 10,297,644 8,909,914
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Ørsted Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Ørsted‘s full profile, request access.

Request a free trial

Ørsted Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after th
Energy Production
Fredericia, Denmark
8,905 As of 2023
00.000
00000000000 00.000

0000 0

nderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur
000000 0000000000
Rome, Italy
0000 As of 0000
00.000
000.00 0000-00-00
00000000 00.000

000

dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident
000000 00000000000
Oslo, Norway
0000 As of 0000
00000000000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Ørsted Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Enel Green Power Corporation Rome, Italy 0000 00.000 00000000 00.000
DNO Corporate Backed or Acquired Oslo, Norway 0000 00000000000
EDP Renováveis Corporation Madrid, Spain 0000 00.000 000000000 00.000
RWE Corporation Essen, Germany 000 00.000 000000000 00 00.000
Centrica Corporation Windsor, United Kingdom 00000 00.000 000000&0
You’re viewing 5 of 7 competitors. Get the full list »

Ørsted Executive Team (71)

Name Title Board Seat Contact Info
Mads Nipper Chief Executive Officer & Group President
David Hardy Chief Executive Officer & Executive Vice President of Region Americas
Rasmus Errboe Chief Financial Officer, Finance
Patrick Harnett Chief Operating Officer
Peter Highmore Managing Director, Co-Head of Partnerships and M and A at Ørsted @ DONG Energy
You’re viewing 5 of 71 executive team members. Get the full list »

Ørsted Board Members (24)

Name Representing Role Since
000000 000000 Self Board Member 000 0000
00000 0ø000 Ørsted Board Member 000 0000
000000 000000 UBS Group Board Member, Chair of the Audit & Risk Committee 000 0000
00000 0000 Self Board Member & Member of the Nomination & Remuneration Committee 000 0000
0000 00000 Self Deputy Chairman of the Board & Member of the Nomination & Remuneration Committee 000 0000
You’re viewing 5 of 24 board members. Get the full list »

Ørsted Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Ørsted Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

This information is available in the PitchBook Platform. To explore Ørsted‘s full profile, request access.

Request a free trial

Ørsted Investments & Acquisitions (93)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Sunrise Wind 24-Jan-2024 0000000000 Energy Production 00000 000
Joint Venture (Ørsted / FuturEnergy Ireland) 20-Nov-2023 00000 0000 Energy Production 00 000000
Eversource Energy (Three Offshore Wind Farm based in, Rhode Island) 07-Sep-2023 000000000 00000 Buildings and Property 00000 000
Orsted (Celtic 1 OSW Power dac Located in Denmark) 01-Sep-2023 000000000 Other Energy
Ocean Wind 1 01-Jun-2023 Secondary Transaction - Private Other Energy 000000000
You’re viewing 5 of 93 investments and acquisitions. Get the full list »

Ørsted Subsidiaries (6)

Company Name Industry Location Founded
Lincoln Clean Energy Energy Infrastructure Chicago, IL 2009
Deepwater Wind Energy Production Providence, RI 0000
Walney Phase 1 Other Energy United Kingdom 0000
Ostwind Energy Infrastructure Regensburg, Germany 0000
Frederiksberg Forsyning Multi-Utilities Frederiksberg, Denmark 0000
You’re viewing 5 of 6 subsidiaries. Get the full list »

Ørsted ESG

Risk Overview

Risk Rating

Updated January, 11, 2024

17.21 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.0

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,173

Rank

00.00

Percentile

Utilities

Industry

00 of 716

Rank

0.00

Percentile

Multi-Utilities

Subindustry

0. of 109

Rank

0.00

Percentile

To view Ørsted’s complete esg history, request access »

Ørsted Exits (17)

Company Name Exit Date Exit Type Exit Size Status Buyers
AutoGrid 18-Jan-2019 00000 00000 00 0000 Completed
  • 17 buyers
Volta Charging 16-Jul-2018 00000 00000 00 0000 Completed
  • 12 buyers
Maabjerg Energy Center BioGas 04-Apr-2017 000000000 00000 Completed
  • 4 buyers
Dublin Waste to Energy 19-Sep-2014 00000 0000000 Completed
  • 3 buyers
Macquarie Asset Management (Race Bank Offshore Wind Farm Project based in Skegness, United Kingdom) 12-Dec-2013 Buyout/LBO 000.00 Completed
  • 4 buyers
You’re viewing 5 of 17 exits. Get the full list »

Ørsted FAQs

  • When was Ørsted founded?

    Ørsted was founded in 1972.

  • Who is the CEO of Ørsted?

    Mads Nipper and David Hardy are the CEOs of Ørsted.

  • Where is Ørsted headquartered?

    Ørsted is headquartered in Fredericia, Denmark.

  • What is the size of Ørsted?

    Ørsted has 8,905 total employees.

  • What industry is Ørsted in?

    Ørsted’s primary industry is Energy Production.

  • Is Ørsted a private or public company?

    Ørsted is a Public company.

  • What is Ørsted’s stock symbol?

    The ticker symbol for Ørsted is ORSTED.

  • What is the current stock price of Ørsted?

    As of 19-Apr-2024 the stock price of Ørsted is $54.93.

  • What is the current market cap of Ørsted?

    The current market capitalization of Ørsted is $23.8B.

  • What is Ørsted’s current revenue?

    The trailing twelve month revenue for Ørsted is $10B.

  • Who are Ørsted’s competitors?

    Enel Green Power, DNO, EDP Renováveis, RWE, and Centrica are some of the 7 competitors of Ørsted.

  • What is Ørsted’s annual earnings per share (EPS)?

    Ørsted’s EPS for 12 months was -$7.27.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »