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Q3 2021 Orsted A/S Earnings Call Transcript
Welcome to the Orsted Investor Q3 2021 Earnings Call. (Operator Instructions)
Today, I'm pleased to present Mr. Mads Nipper CEO and Marianne Wiinholt, CFO. Please go ahead.
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Thank you very much, and good afternoon, everyone, and welcome to this Q3 2021 earnings call. This third quarter was unprecedented given the European energy crunch and global supply chain pressures. But despite these unusual market conditions, I'm pleased to say that we've continued to make progress with our construction program, and we have maintained high availability rates. Also, our traders have done an excellent job in handling market volatility through an active approach to risk management and have limited impact on our financial position. Moreover, we saw exceptional performance by our CHP plants and higher earnings from our gas business, which means that we are still on track towards a full year guidance despite the lower wind speeds.
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