Orsted Exceeds Own 2019 Core Profit Expectations

Orsted, the world’s largest offshore wind farm developer, exceeded its own full-year core profit expectations on Thursday on the back of strong generation from its wind farms but said it expected this year’s result to be slightly lower.

Its 2019 earnings before interest, taxation, depreciation, and amortization (EBITDA) excluding new partnerships increased by 17% to 17.5 billion crowns which was above its own guidance of 16-17 billion crowns.

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