Orsted Raises Earnings Forecast on Strong Offshore Wind Performance ...Middle East

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Orsted Raises Earnings Forecast on Strong Offshore Wind Performance
source : OILPRICE ( Middle East ) () 64
Orsted has hiked its full-year earnings guidance as the Danish group’s offshore wind projects drove profits upward in the first nine months of the year. Full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) is expected to come in at between DKK 24bn to 26bn (£2.6bn to £2.9bn), narrowed from a prior forecast of 23bn to 26bn DKK. The Danish state-backed energy group said operating profit had risen from DKK 19.4bn to DKK 23.6bn compared with the prior year. In a statement, chief executive Mads Nipper…

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