Danish renewable energy company Orsted AS reported preliminary earnings on the low end of its guide range late Thursday.
The company said its Ebitda in 2022, excluding new partnership deals, was DKK 21.1 billion ($3.07 billion), up from DKK 15.8 billion last year, contrary to the company’s guidance of DKK 21 billion to DKK 23 billion. said there is.
EBITDA excluding new partnership agreements is expected to be DKK20 billion to DKK23 billion in 2023.
Ahead of next month’s full-year earnings report, the company reported profit before interest, tax, depreciation and amortization of DKK 32.1 billion in 2022, up from DKK 24.3 billion last year, and above the expected 300 million in a FactSet survey. billion DKK.
The company has posted an impairment of DKK 2.5 billion on its 50% owned US-based offshore wind development project as a result of higher project-specific capital expenditures, unprecedented cost inflation and sharp interest rate hikes in 2022. said to recognize. Sunrise wind in 2022.
“In a year of extraordinary market conditions, including highly volatile energy prices and significantly higher inflation, we are well on our way to delivering record EBITDA in 2022 within our latest guidance and exceeding our initial expectations for this year. We are delighted to be here,” said Chief Executive Officer Mats Nipper.
Write to Dominic Chopping at Dominic.email@example.com.
(Closed) Dow Jones Newswire
20 January 2023 03:05 ET (08:05 GMT)
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