Published: 08 August 2019 08 August 2019
Ørsted has achieved an operating profit (EBITDA) of DKK 8.8 billion, up 2% compared to H1 2018. Earnings from their offshore wind farms in operation increased by 18%, driven by ramp-up of generation from new wind farms in operation.
In addition, the onshore wind business contributed positively to the year-on-year development as did higher earnings from trading related to hedging of their energy exposures as well as strong margins in their gas portfolio. The green share of generation increased from 71% to 82%. The company’s guidance for 2019 is unchanged relative to the guidance in the annual report for 2018. EBITDA, excluding new partnerships, is expected to amount to DKK 15.5-16.5 billion, and gross investments are expected to amount to DKK 21-23 billion.