EnergyWatch

Ørsted's profit ratio down in record annual report

Radius will be sold this year, says Ørsted's CEO in the annual report. Despite a major revenue surge, the company's profits plateaued – but still at a high level. 

Photo: Ritzau Scanpix/Mads Claus Rasmussen

Ørsted has once again reached new heights in its annual financial statement. This is especially true of its top line, with revenue booked at DKK 75.5 billion (EUR 10.11 billion) – up almost DKK 30 billion from the previous year – and even higher than the period in which the company still owned its oil and gas division.

At the same time, the company, which already Wednesday announced earnings before interest, taxes, depreciations and amortizations at DKK 28.5 billion – or DKK 30 billion under Ørsted's own business performance standard, which is a 26 percent year-to-year growth. Based on the company's own accounting standards, figures have gone forward on all counts.

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