Ørsted A/S (OTCPK:DNNGY) Q2 2025 Earnings Name August 11, 2025 8:00 AM ET
Firm Individuals
Rasmus Errboe – CEO, Chief Business Officer & Group PresidentTrond Odegard Westlie – Government VP, CFO & Member of Government Board
Convention Name Individuals
Ahmed Farman – Jefferies LLC, Analysis DivisionAlberto Gandolfi – Goldman Sachs Group, Inc., Analysis DivisionCasper Blom – Danske Financial institution A/S, Analysis DivisionDominic Charles Nash – Barclays Financial institution PLC, Analysis DivisionHarry Peter Wyburd – BNP Paribas Exane, Analysis DivisionJenny Ping – Citigroup Inc., Analysis DivisionKristian Tornøe Johansen – SEB, Analysis DivisionLars Heindorff – Nordea Markets, Analysis DivisionMark Freshney – UBS Funding Financial institution, Analysis DivisionPeter Andrew Bisztyga – BofA Securities, Analysis DivisionRobert John Pulleyn – Morgan Stanley, Analysis Division
Operator
Please go forward, sir.
Rasmus Errboe
Hey, everybody, and thanks for becoming a member of right this moment’s presentation. In reference to the discharge of our outcomes for the second quarter this morning, we’re asserting the plan for a totally underwritten rights subject, which is predicted to quantity to DKK 60 billion in gross proceeds, and that’s supported by our majority shareholder, the Danish State. The rights subject is meant to satisfy an incremental funding requirement, which has arisen following our choice to discontinue the divestment and related nonrecourse challenge financing course of associated to our Dawn Wind challenge within the U.S.
With the rights subject, we’ll strengthen our capital construction to cowl for the complete possession of Dawn Wind and supply the wanted monetary robustness and adaptability for the execution of our strategic plan as introduced in February and place us for future progress? Whereas we don’t take this choice frivolously, it’s based mostly on a complete evaluation of our choices, and we now have little doubt that that is the appropriate choice for Ørsted and our
