EnergyWatch

Ørsted beats recent announcement by margin

The utility presents the second-best result in its recent history despite markedly declining revenue, intending to make both large payouts and investments.

Photo: Ørsted

When a company like Ørsted significantly deflates its own metaphorical balloon in advance, it would be wise to ensure the balloon still levitates. Three weeks ago, the utility announced that its operating result for 2020 would come to DKK 18 billion (EUR 2.42 billion) in earnings before interest, taxes, depreciations and amortizations; a target now realized with the fiscal report published today – and with some amendment.

To be exact, last year's operating result comes to DKK 18.124 billion in EBITDA.

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