Ørsted Cuts Core Profit Guidance Amid Offshore Headwinds ...Middle East

OILPRICE - Economy
Ørsted Cuts Core Profit Guidance Amid Offshore Headwinds
source : OILPRICE ( Middle East ) () 74
Ørsted has lowered its guidance range for core earnings for 2025, due to lower wind speeds across the portfolio and a delay of a construction project in Taiwan, as the world’s biggest offshore wind project developer grapples with challenges in the industry. Ørsted revised down its guidance for earnings before interest, tax, depreciation, and amortization (EBITDA) to a range of $3.7 billion-4.2 billion (24 billion to 27 billion Danish crowns) for this year, down from $3.9 billion-4.4 billion (25 billion to 28 billion crowns)…

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