Orsted A/S (DOGEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Earth Day Interim Report for the second quarter of 2026 conference call. I am Heli, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one 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 my pleasure to hand over to Group President and CEO Rasmus Errboe and CFO Trond Westlie. Please go ahead. Thank you very much. Hello everyone and thank you for joining today's call. The first half of 2026 has once again reminded us how quickly geopolitical tensions can impact global energy markets. The volatility has underlined the importance of European energy independence, which cannot be taken for granted. But these challenges also represent an opportunity for Europe to strengthen competitiveness for businesses through electrification and lowering of energy costs. An opportunity to ramp up production of homegrown, affordable and reliable energy, so global shocks to energy markets do not limit prosperity. Renewable energy is central to this necessary transition. And as a reminder, each of the recent 10 years have been the 10 warmest years ever recorded on Earth, and combined with wildfires across southern Europe this summer, this obviously further underscores the need for a rapid acceleration of the energy transition. To improve European sovereignty and resilience, increased investments into renewable energy is central and necessary. With the right actions now, offshore wind can provide several significant benefits for Europe and the en...