Ørsted declines in Q2 – maintains positive 2018 forecast

The Danish utility states in its 2018 second quarter report that it is confident about reaching the high end of market expectations for the year, despite a decline in operating income.

Photo: PR Ørsted

The Danish utility's revenue grew but its operating income and profit declined in the second quarter.

This, however, does not impact Ørsted's forecast for the entire year, in which the company now expects to reach to upper end of projections, which aim for earnings before interest, taxes, depreciations and amortizations at DKK 12.5-13.5 billion (EUR 1.7-1.8 billion) for the company's ongoing activities.

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