Dong upgrades guidance for the full year

Divesting half of the Race Bank offshore wind farm and strengthened performance in the Oil & Gas division have prompted the Danish energy company to upgrade its forecast for the full-year 2016.

Dong Energy is increasing its guidance for 2016. The group now projects operating income of DKK 24-25 billion (EUR 3-3.4 billion). For the offshore Wind Power division specifically, the target for earnings is now expected to be in the high end of the announced DKK 10-12 billion. On the other hand, Dong expects that gross investing will be in the low end of the previously stated DKK 18-21 billion, Dong informs in a press release.

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