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Huge dividends for Ørsted and Novo Nordisk shareholders

Ben Hamilton
February 1st, 2023


This article is more than 1 year old.

Danish companies share the wealth following the confirmation of record profits for 2022

Windmills (photo: Ørsted)

Shareholders in Ørsted and Novo Nordisk have much to rejoice today, as both companies have decided to issue big dividends following the declaration of record profits.

While Ørsted will divvy up 5.7 billion kroner, Novo is going to hand out 14.8 billion – not bad for shareholders who shared 7.5 billion last August.

Handy sale accounted for large share
Energy giant Ørsted, which has almost completely weaned itself off gas (the Dong Energy Days) to concentrate solely on renewables, has announced a record operating profit of 32 billion kroner for 2022 – a substantial increase on the 7.8 billion declared in 2021.

It attributed the improvement to the partial sale of the offshore windfarm Hornsea 2, which brought in just over 10 billion kroner.

Diabetes and obesity treatments weighing in
Meanwhile, a post-tax profit of 55.5 billion kroner on sales of 177 billion – a 26 percent increase on 2021 – has prompted Novo Nordisk to predict growth of 13-19 percent for 2023.

Treatments for diabetes and obesity accounted for the lion’s share: a 29 percent rise to 156.4 billion, fuelled by a 35 percent jump in North American sales.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”