EnergyWatch

Ørsted boosts result with DKK 10bn

The utility maintains its full-year guidance after a quarter of several business areas surpassing expectations.

Photo: Martin Lehmann/Politiken

An obvious move would be to draw attention to the bottom line of Ørsted's third quarter financial report, showing an interim result of DKK 13.1 billion (EUR 1.76 billion) in earnings before interest, taxes, depreciations and amortizations – an advancement of nearly DKK 10 billion compared to Q3 2019 – and then conclude that the utility's growth remains solid.

This is correct, of course, although it probably says more about the basis for comparison, as the latest fiscal report contains DKK 11.1 billion gleaned from divesting Danish distribution system operator Radius.

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