Orsted A/S (DOGEF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.267 -- 00:00:05.415 Welcome to this Orsted Q3 2025 earnings call. 00:00:05.415 -- 00:00:10.945 For the first part of this call, all participants will be in listen-only mode and afterwards 00:00:10.945 -- 00:00:14.110 there will be a question and answer session. 00:00:14.110 -- 00:00:19.839 Today's speakers are Group President and CEO Rasmus Erbo and CFO 00:00:19.839 -- 00:00:24.303 Trond Wesley. Speakers, please begin. 00:00:24.387 -- 00:00:26.787 Hello everyone. 00:00:32.819 -- 00:00:38.385 During the third quarter of the year, we have continued our focus on the execution 00:00:38.385 -- 00:00:43.011 of the four strategic priorities that we presented in February. 00:00:43.011 -- 00:00:48.695 These will continue to be the core focus as we execute on our strategy. 00:00:48.998 -- 00:00:54.422 Let me start by going through our progress across the four priorities. 00:00:58.469 -- 00:01:03.558 Our first priority is to strengthen our capital structure, and 00:01:03.558 -- 00:01:07.986 with the completion of the rights issue in early October, we have taken a significant 00:01:07.986 -- 00:01:10.851 step on this priority. 00:01:10.851 -- 00:01:15.860 The rights issue strengthens our financial foundation, allows us to focus on delivering 00:01:15.860 -- 00:01:20.989 our six offshore wind farms under construction, provides the financial robustness to 00:01:20.989 -- 00:01:26.499 manage the ongoing challenges and uncertainty, as well as the financial strength to pursue 00:01:26.499 -- 00:01:31.287 upcoming attractive opportunities within offshore wind. 00:01:31.287 -- 00:01:36.136 I am very pleased and grateful for the strong support that we received from our shareholders 00:01:36.136 -- 00:01:42.062 in the rights issue, including from our majority shareholder,...