Ørsted halves bottom line
Despite a significant surge in revenue, the utility's result declines due to the offshore wind division and a lack of British divestment income. Better than expected, says CEO Mads Nipper.
As expected, Ørsted didn't live up to its result from a year ago, when the utility upgraded its guidance due to a surprisingly fine sale of transmission rights to Hornsea 1. But now, there are no more one-time earnings to be gained from the British wind farm. This has the operating result for offshore wind dropping by 30 percent to just over DKK 3.9bn (EUR 524.6m) in EBITDA and sends the company's bottom line for the first quarter down by 52 percent to DKK 1.6bn.
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