This early in the year, Ørsted is already announcing a strong annual result for 2017, according to a corporate statement Wednesday morning CET where the company is upgrading expectations for the full-year 2017 from around DKK 21 billion (EUR 2.8 billion) to EBITDA of approximately DKK 22.5 billion expected for 2017.
"Based on our preliminary and unaudited reporting, we expect an operating profit (EBITDA) of approx DKK 22.5 billion for 2017, which is an improvement on our most recent outlook of around DKK 21 billion. The increase is primarily attributable to strong earnings from our offshore wind farms in operation in the last part of the year, including from stronger winds and faster ramp-up of generation from the new offshore wind farms Race Bank and Walney Extension," writes Ørsted in the press release.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.