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Analyst predicts share price slide off Ørsted's guidance update

The Danish utility's 2021 earnings guidance falls shorts of consensus forecasts, says analyst.

"I think it will make the headlines for investors. I expect a negative effect on the share price, not least considering that the equity has performed really well in the latter half of 2020," says Sydbank analyst Per Fogh. | Photo: Ørsted

The prospect of a grand 2021 for Ørsted crumbles with the utility's updated guidance.

While the analyst consensus for Q3 banked on DKK 18-19 billion (EUR 2.42-2.55 billion) in earnings before interest, taxes, depreciations and amortizations excluding new partnership deals, Ørsted has now informed the market that it expects a 2021 operating result of DKK 15-16 billion.

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