ClaimsØrsted

“With divestments exceeding DKK 15 billion and the DKK 13 billion capital injection in early 2014, our financial platform has been significantly strengthened.”

Henrik Poulsen, CEO of DONG Energy February 2014 Announcement of financial results for 2013 - Improved earnings and strengthened capital base (Ørsted (DONG Energy)) archived copy

Factual Their own work or organisation

With divestments exceeding DKK 15 billion and a DKK 13 billion capital injection in early 2014, DONG Energy's financial platform has been significantly strengthened.

Mostly true True in substance, wrong in a detail.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

What would count as true or false

The test is whether, as of February 2014, DONG Energy's completed divestments exceeded DKK 15 billion and a DKK 13 billion capital injection was made or agreed in early 2014. True if both figures hold. Mostly true if both events occurred but one figure is slightly off, for example divestments of about DKK 14–15 billion or an injection that differs a little from DKK 13 billion. Mixed if only one of the two holds. False if neither the divestments nor the injection occurred at roughly these sizes. The phrase 'significantly strengthened' is a characterisation; judge it only through the two figures.

Set before the research began.

Evidence (2)

  1. E1 [PDF] FINANCIAL REPORT DONG Energy (Ørsted) · 5 February 2014 Own record

    “Divestments of DKK 14.4bn (EV) in 2013”

  2. E2 [PDF] FINANCIAL REPORT DONG Energy (Ørsted) · 5 February 2014 Own record

    “Binding agreement with investors to inject DKK 13bn”

Reasoning

The company's FY2013 results presentation reports 2013 divestments of DKK 14.4bn (enterprise value), slightly below the 'exceeding DKK 15 billion' in the claim (E1). The same presentation reports a binding agreement with investors to inject DKK 13bn, matching the claimed injection (E2). Under the criteria, divestments of about DKK 14–15bn together with a matching injection count as mostly true. Both items come from the subject's own reporting, not an independent source.

Cite this claim

Ørsted, “With divestments exceeding DKK 15 billion and a DKK 13 billion capital injection in early 2014, DONG Energy's financial platform has been significantly strengthened.” (said February 2014). Verdict: mostly true. Reliability API, claim c_aa3fe62bcc84, method 0.1.0+7831dd9d, dataset release v1.1.2. https://epistacklabs.com/claims/c_aa3fe62bcc84

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Ørsted, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

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All of them

Verdicts are made automatically; how verdicts are made.