Ørsted’s Board of Directors has approved the interim report for the first half year of 2023. Operating profit (EBITDA) for the first half of the year was in line with expectations and amounted to DKK 10.2 billion. Earnings from offshore sites amounted to DKK 9.0 billion, which was DKK 3.3 billion higher than in the same period last year. Net profit amounted to DKK 2.7 billion, and the return on capital employed (ROCE) came in at 13 %.
Ørsted maintains its EBITDA guidance of DKK 20-23 billion, excluding earnings from new partnerships during the year. However, compared to the guidance provided in its annual report for 2022, the company now expects higher earnings in offshore than initially announced. In contrast, the company expects earnings for its CHP plants to drop by approx. DKK 4 billion compared to 2022, rather than by approx. DKK 3 billion. Ørsted lowers its gross investment guidance for 2023 by DKK 6 billion to DKK 44-48 billion, primarily due to timing.
During the quarter, Ørsted received development consent for Hornsea 4, an offshore wind farm with a capacity of up to 2.6 GW. Furthermore, the company entered into a partnership with ESB to jointly develop an Irish offshore wind portfolio and signed an agreement to acquire Eversource’s 50 % interest in Lease Area 500 in the US. With this added seabed, its portfolio of north-eastern US lease rights amounts to more than 4 GW.
