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ØRSTED SALG & SERVICE A/S

ØRSTED SALG & SERVICE A/S is a Danish company within the Ørsted group structure. The available filing material indicates it is part of the group’s internal commercial and service activities, with financial statements reflecting a separate legal entity rather than an operating public utility business.

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Revenue34.9bn DKK
−21.8 %y/y
Operating profit (EBIT)2,826m DKK
−52.7 %y/y
EBIT margin8.1%
−5.3 ppy/y
Net income2,662m DKK
−46.8 %y/y
Free cash flow8,239m DKK
−53.9 %y/y

Fiscal year 2024 · change from previous year

Development 2019–2024

-20020406080100bn DKK2019: 33.1 bn DKK2019: EBIT 1.7 bn DKK20192020: 18.7 bn DKK2020: EBIT -0.35 bn DKK20202021: 45.7 bn DKK2021: EBIT -0.08 bn DKK20212022: 93.6 bn DKK2022: EBIT 0.42 bn DKK20222023: 44.7 bn DKK2023: EBIT 6.0 bn DKK20232024: 34.9 bn DKK2024: EBIT 2.8 bn DKK202434.92.8
RevenueOperating profit (EBIT)
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Business

Share of revenue
Internal sales and service50 %

Group-internal commercial and service activities supporting Ørsted entities.

Administrative support25 %

Back-office and coordination services provided within the corporate structure.

Intercompany finance25 %

Internal receivables and settlement-related financial arrangements.

Customers

The company’s customers are primarily other entities within the Ørsted group, rather than external market buyers. Its service base therefore reflects internal corporate demand for sales support, administration, and settlement functions. Any external-facing activity is not described in the available material, so the profile is best understood as a captive intra-group service company.

Ørsted group entities

Internal corporate subsidiaries and functions that buy sales, service, and administrative support.

Group finance and treasury

Internal counterparties involved in intercompany receivables and cash settlement processes.

Strategy

The company’s strategic role appears to be supporting the broader Ørsted group through internal service and settlement functions. Its position is therefore tied to group structure, efficient internal administration, and reliable handling of intra-group balances. The available filing does not indicate an independent external growth strategy.

Reliable intra-group servicingShort term

The company’s value comes from supporting other Ørsted entities efficiently and consistently.

Intercompany balance managementShort term

The filing notes a receivable from Ørsted Group’s internal bank that can be settled on short notice, highlighting treasury linkage.

Geography

The company is based in Denmark and operates within the Ørsted group’s Danish corporate structure. The available excerpts do not disclose external geographic revenue, so the business should be viewed as domestically anchored with group-level exposure rather than a broad international sales footprint. Geography matters mainly through the location of the legal entity and its internal counterparties.

Risks

The main risks are counterparty and concentration risk from dependence on Ørsted group entities, plus the usual legal-entity and treasury risks associated with intercompany balances. Because the company appears to function as an internal service vehicle, its exposure is less about market demand and more about group liquidity, settlement reliability, and transfer-pricing or support-function governance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Group concentration risk1Intercompany receivable settlement risk2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Group concentration riskImpact: HighLikelihood: High

    The company appears to serve mainly Ørsted group entities, so business volume depends on internal demand.

    Exposure: Customer concentration

  2. Intercompany receivable settlement riskImpact: MediumLikelihood: Medium

    The filing notes the right to require settlement of a receivable from Ørsted Group’s internal bank on short notice.

    Exposure: Treasury and liquidity linkage

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Accounting

Judgemental items
Intercompany receivables

Settlement rights and intra-group balances affect liquidity presentation and credit-risk assessment.

Impact: Can change current assets and cash-like classification judgments

Depreciation, amortisation and impairment

These estimates affect the carrying value of assets and the timing of expense recognition.

Impact: Can materially affect reported profit and asset values

Last updated: 24/10/2026