Ørsted: returns to profit in Q3
(CercleFinance.com) - Ørsted reports EBITDA of 9.
5bn DKK for Q3, up 4% y-o-y.
The Danish energy company posted earnings of 5.16bn DKK, a far cry from the 22.5bn DKK loss recorded a year earlier.
On the other hand, FCF came in at -11.3bn DKK, compared with 2.32bn DKK in Q3 2023.
I am satisfied with our operating and financial performance. In addition, we successfully renegotiated and settled contracts related to the closure of Ocean Wind with a favorable outcome, resulting in a net reversal of cancellation costs of 6.4bn DKK, commented Mads Nipper, Ørsted Group's CEO,
Against this background, Ørsted has tightened up its FY EBITDA guidance from 23bn-26bn DKK to 24bn-26bn DKK, excluding revenues from new partnerships and the impact of cancellation costs.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5bn DKK for Q3, up 4% y-o-y.
The Danish energy company posted earnings of 5.16bn DKK, a far cry from the 22.5bn DKK loss recorded a year earlier.
On the other hand, FCF came in at -11.3bn DKK, compared with 2.32bn DKK in Q3 2023.
I am satisfied with our operating and financial performance. In addition, we successfully renegotiated and settled contracts related to the closure of Ocean Wind with a favorable outcome, resulting in a net reversal of cancellation costs of 6.4bn DKK, commented Mads Nipper, Ørsted Group's CEO,
Against this background, Ørsted has tightened up its FY EBITDA guidance from 23bn-26bn DKK to 24bn-26bn DKK, excluding revenues from new partnerships and the impact of cancellation costs.
Copyright (c) 2024 CercleFinance.com. All rights reserved.