- Published: 30 October 2019 30 October 2019
Ørsted’s Board of Directors approved the interim report for the first nine months (9M) of 2019. They achieved an operating profit (EBITDA) of DKK 12.9 billion, up 19% compared to 9M 2018.
Earnings from their offshore wind farms in operation increased by 23%, driven by ramp-up of generation from new wind farms. In addition, their onshore wind business contributed positively to the year-on-year development as did higher earnings from their trading activities. This was partly offset by higher project development costs, a positive outcome of a gas sourcing arbitration case in 2018, and a temporarily negative effect from their gas at storage due to the substantial drop in gas prices during 2019. The green share of heat and power generation increased from 71% to 83%.