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Windtech International May June 2024 issue

 

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Ørsted’s Board of Directors has approved the interim report for the first half year of 2022. Operating profit (EBITDA) for the first half of the year amounted to DKK 13.0 billion, in line with the same period last year.
 
EBITDA excluding new partnerships increased by 48 % to DKK 11.4 billion. Net profit amounted to DKK 6.0 billion, and return on capital employed (ROCE) came in at 15 %.
 
Ørsted has increased its EBITDA guidance excluding new partnership agreements by DKK 1.0 billion to DKK 20-22 billion. The increase is primarily due to higher earnings in Bioenergy & Other and in Onshore. Its EBITDA guidance does not include earnings from new partnerships during the year, i.e. it excludes the gain from the 50 % farm-down of Borkum Riffgrund 3 in Q1 2022 and the upcoming farm-down of Hornsea 2. Ørsted has increased its gross investment guidance by DKK 5.0 billion to DKK 43-47 billion. The increase is due to the expected closing of the EUR 689 million acquisition of Ostwind.
 
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