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Windtech International May June 2024 issue

 

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Ørsted’s operating profit (EBITDA) totalled DKK 9.4 billion, an increase of DKK 4.6 billion compared to Q1 2021. The gain from the 50 % farm-down of Borkum Riffgrund 3 amounted to DKK 1.6 billion.
 
EBITDA excluding new partnerships amounted to DKK 7.8 billion, DKK 3.0 billion higher than in the same period last year. Net profit amounted to DKK 5.7 billion and return on capital employed (ROCE) came in at 19 %. Ørsted reiterate its full-year EBITDA guidance of DKK 19-21 billion. Its EBITDA guidance does not include earnings from new partnerships during the year, which means that the gain from the Borkum Riffgrund 3 farm-down in Q1 2021 and the farm-down of Hornsea 2, expectedly during H2 2022, is excluded from our full-year guidance. Ørsted also reiterate its full-year gross investment guidance of DKK 38-42 billion.
 
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