- Published: 02 February 2017 02 February 2017
Dong Energy’s operating profit (EBITDA) from continuing operations rose by DKK 10.4 billion in 2016 to DKK 19.1 billion. Wind power almost doubled its earnings with an increase in EBITDA of DKK 5.7 billion, driven by higher activity from the construction and divestment of offshore wind farms.
Operating profit (EBITDA) including Oil & Gas totalled DKK 25.6 billion in 2016, which was slightly higher than the most recent guidance of DKK 24-25 billion. Investments for the year totalled DKK 15.0 billion. Most of the investments were made in the continued expansion of offshore wind. Net profit for the year from continuing operations totalled DKK 12.2 billion and was thus DKK 11.2 billion higher than in 2015. The increase was primarily driven by the higher EBITDA. EBITDA for the continuing operations is expected to reach DKK 15-17 billion for 2017, corresponding to an underlying growth of 4-18%. Investments for 2017 are expected to amount to DKK 18-20 billion, reflecting a continued high level of investments related to their offshore wind farms. DONG Energy has set the target to become coal free by 2023.