Major drop in Ørsted's profit
The utility delivers an expected decline yet better-than-expected operating result in its offshore wind division. However, the company guides for a lower result in 2020.
As expected, Ørsted wasn't able to live up to last year's record annual result. 2019 was characterized by a lack of substantial offshore wind farm-down sales, and the utility books a post-tax profit of DKK 7.291 billion (EUR 975.7 million) – approximately one third of the sum was made in 2018, Ørsted informs in its annual financial statement published Thursday morning.
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