Today, Ørsted’s Board of Directors approved the interim report for the first quarter of 2023.
Operating profit (EBITDA) for the first quarter was in line with our expectations and amounted to
Earnings from our wind and solar assets in operation amounted to
Net profit amounted to
We maintain our EBITDA guidance of
“We're pleased with the Q1 2023 results where our offshore sites earnings are back on track as the key EBITDA driver. Furthermore, the construction of our current wind and solar assets is progressing according to plan.
Among significant strategic milestones during the quarter, we took FID on our Greater Changhua 2b and 4 offshore wind farms in
Our 100 MW Salamander project, a joint venture between
Financial key figures for Q1 2023:
DKK million | Q1 2023 | Q1 2022 | % |
EBITDA | 6,910 | 9,429 | (27 %) |
- New partnerships | 0 | 1,610 | n.a. |
- EBITDA excl. new partnerships | 6,910 | 7,819 | (12 %) |
Profit (loss) for the period | (2,438) | (2,128) | 15 % |
Cash flow from operating activities | 10,119 | (37) | n.a. |
Gross investments | (8,768) | (6,832) | 28 % |
Divestments | (16) | 1,927 | n.a. |
Free cash flow | 1,335 | (4,942) | n.a. |
Net interest-bearing debt | 35,261 | 30,026 | 17 % |
FFO/adjusted net debt | 37.4 % | 37.5 % | 0 % |
ROCE | 13.8 % | 19.0 % | (5 %p) |
Earnings call
In connection with the presentation of the interim report for the first quarter, an earnings call for investors and analysts will be held on Wednesday,
International: +44 203 769 6819
PIN: 994005
The earnings call can be followed live at:
https://orsted-events.eventcdn.net/events/interim-report-Q1-2023
Presentation slides will be available prior to the earnings call at: Investors | Ørsted (orsted.com)
The interim report is available for download at:
https://orsted.com/financial-reports
For further information, please contact:
Media Relations
Martin Barlebo
+45 99 55 95 52
Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
ir@orsted.com
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in
Attachments
- Interim financial report Q1 2023.pdf
- Company announcement Interim report for the first quarter of 2023.pdf
- Ørsted - Investor presentation Q1 2023.pdf
© Ritzau Denmark, source