Orsted A/S (DOGEF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Orsted Interim Report for the first quarter of 2026 Conference Call. I am Sergen, the Chorus Call Operator. I would like to remind you that all participants will be on listen-only mode and the conference being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and phone on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's our pleasure to hand over to Group President and CEO Rasmus Erbo and TFO Trond Vestby. Speakers, please begin. Hello, everyone, and thank you for joining today's call. As the world enters its second energy crisis in only five years, it is clear that dependence on imported fossil fuels comes at an unacceptably high price for society. Recent events in the Middle East have increased volatility in global energy markets and led to higher energy prices threatening to affect both growth and disposable income. And even if hostilities are rapidly brought to a halt, we can expect the global energy supply and energy markets to take a long time to normalize. Energy security has become crucial to ensure the resilience and sovereignty of nations around the globe. This is particularly the case for Europe, where the vulnerability and costs associated with dependence on fossil energy imports are unsustainable. The solution is at hand. Increase electrification of industry and transport, create a coherent European energy system, and accelerate the build-out of renewable energy, not least offshore wind. Over the past years, we have advocated for strengthened investment certainty for offshore wind through supportive regulatory frameworks. We are now pleased to s...