EnergyWatch

Ørsted upgrades 2020 earnings guidance

In a new prognosis, the Danish utility upgrades its outlook and now expects an operating result of DKK 18 billion for 2020, up from the prior spread of DKK 16-17 billion.

Photo: HENNING BAGGER/Henning Bagger / henning bagger

Ørsted books an upward adjustment of its earnings before interest, taxes, depreciations and amortizations by more than DKK 1 billion against its previous forecast.

The Danish utility now expects to achieve an operating result of DKK 18 billion for 2020, up from the preceding outlook of DKK 16-17 billion, the company informs in a statement Tuesday evening.

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