01 maj: Indre værdi af SmallCap Danmark A/S er opgjort til 20,4 kr. pr. a..
01 maj: Ørsted iværksætter aktietilbagekøb til afdækning af incitamentspr..
01-05-2019 07:59:47

Interim report for first quarter 2019: Good start to the year with operating profit in line with expectations

Today, the Board of Directors of Ørsted approved the interim report for the first quarter of 2019.

We achieved an operating profit (EBITDA) of DKK 5.1 billion, down 7% compared to Q1 2018. The decrease was expected and was mainly due to a positive one-off compensation awarded following the completion of an arbitration case in Q1 2018 as well as cyclically lower earnings from our gas portfolio in Customer Solutions. This was partly offset by a 13% increase in earnings from offshore wind farms in operation and earnings from our new onshore wind farms.

Return on capital employed (ROCE) increased marginally to 28% compared to 27% in Q1 2018.

The green share of generation increased from 68% to 80%.

Our guidance for 2019 is unchanged relative to the guidance in the annual report for 2018. EBITDA, excluding new partnerships, is expected to be DKK 15.5-16.5 billion and gross investments are expected to amount to DKK 21-23 billion.

CEO and President Henrik Poulsen says:

“We delivered strong results in line with expectations. Our full-year guidance remains unchanged.

During the first quarter we have continued to strengthen our portfolio within both Offshore and Onshore.

In April, we took final investment decision (FID) on our 900MW Taiwanese Greater Changhua 1 & 2a offshore wind project following the achievement of an establishment permit, approval of the supply chain plan and signing of the power purchase agreement with Taipower.

We have submitted bids for offshore wind projects in France, the Netherlands and the US. We expect an outcome from all five tenders and auctions over the coming three months.

In April, we took final investment decision on the 338MW US onshore wind farm Sage Draw with expected commercial operation date (COD) in Q1 2020.

Furthermore, we have entered into an agreement to acquire a subsidiary of US-based Coronal Energy. The subsidiary is a nationwide solar and storage developer with a significant pipeline of solar and storage projects expanding our capability platform and exposure to new attractive regional markets.

We remain very pleased with the operational and financial performance of the company as we continue to expand our position as a global leader in green energy.”

Financial key figures for Q1 2019:

DKK millionQ1 2019Q1 2018%
EBITDA5.1305.519(7%)
Profit (loss) for the period from cont. operations2.6393.032(13%)
Profit (loss) for the period from discont. operations(43)8n.a.
Profit (loss) for the period2.5963.040(15%)
Cash flows from operating activities(118)(398)(70%)
Gross investments(3.899)(2.071)88%
Divestments2.678835221%
Free cash flow(1.339)(1.634)(18%)
Net interest-bearing debt9.1114.331110%
FFO/adjusted net debt (last 12 months)46%46%0%p
ROCE (last 12 months)28%27%1%p

For further information, please contact:

Media Relations                   Investor Relations

Martin Barlebo                       Daniel Lerup

+45 99 55 95 52                   +45 99 55 97 22

Conference call

In connection with the presentation of the interim report, a conference call for investors and analysts will be held on Wednesday, 1 May 2019, at 10:00 CET.

Denmark: +45 35 44 55 83

UK: +44 203 194 0544

US: +1 855 269 2604

The conference call can be followed live at:

https://orsted.eventcdn.net/201905q1

Presentation slides will be available prior to the conference call at:

https://orsted.com/en/Investors/Reports-and-presentations/Financial-reports-and-presentations

The interim report is available for download at:

https://orsted.com/en/Investors/Reports-and-presentations/Financial-reports-and-presentations

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Headquartered in Denmark, Ørsted employs 6,200 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2018, the group’s revenue was DKK 76.9 billion (EUR 10.3 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.

Attachments

logo.png

Relateret indhold
11:34 - 
Aktier/middag: FLS løftes oven på ordre i grønt marked ..
09:21 - 
Aktier/åbning: FLSmidth i top i positivt marked drevet ..
08:17 - 
Canadas største bank sænker Ørsted-anbefaling og hæver ..
Del

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Bank of England fastholder som ventet renten på 0,75 pct.

20-06-2019 13:06:40
Bank of England fastholder efter sit rentemøde torsdag sin ledende rente på 0,75 pct.Det var også, hvad der på forhånd var ventet af økonomerne.Centralbanken ændrede senest på sin ledende rente 2. august 2018, da den blev hævet med 25 basispoint til 0,75 pct.Bankens mål for aktivopkøb fastholdes i øvrigt på 435 mia. pund, og målet om at købe virksomhedsobligationer holdes også uændret på 10 mia. p..

Aktier/middag: FLS løftes oven på ordre i grønt marked efter rentemøde

20-06-2019 11:34:38
En marokkansk cementordre er torsdag med til at løfte FLS-aktien, på en dag hvor der blæser blid medvind ind over Europa og det danske aktiemarked, efter Federal Reserve onsdag aften som ventet fastholdt sine toneangivende rentesatser.Det danske eliteindeks, C25, som stiger 0,2 pct. til 1144,46, er dog påvirket af, at Novo Nordisk sendes ned, hvilket kan være en af forklaringerne på, at der ikke e..

Norge hæver renten - norsk krone styrkes

Relaterede nyheder
20-06-2019 10:15:55
Den norske centralbank, Norges Bank, hæver renten med 25 basispoint til 1,25 pct.Renteforhøjelsen er i vid udstrækning ventet, idet 23 ud af 25 økonomer havde forudset trækket ifølge Bloomberg. De resterede to økonomer havde ventet en uændret rente.Den norske krone ligger torsdag ikke desto mindre styrket i 0,7715 kr. mod 0,7675 kr. umiddelbart før rentemeddelelsen.Norges Bank begrunder forhøjelse..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Genmab: Blackrock er tilbage i storaktionærklubben
2
Vestas-rival stiger 24 pct.: Långivere mødes fredag
3
Ambu: Investorer både øger og mindsker sats på kommende kursfald
4
Ambu/JPMorgan: Kursmålet sænkes med en tredjedel
5
Onsdagens aktier: Mærsk sørgede for ny optur

Relaterede aktiekurser

Ørsted A/S 556,80 -0,8% Fald i aktiekurs

Copyright Berlingske Media 2019  Handelsbetingelser  |  Cookiedeklaration  |  Cookie- og Privatlivspolitik  |  Ophavsret og vilkår
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
20. juni 2019 15:09:00
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20190527.1 - EUROWEB2 - 2019-06-20 15:09:00 - 2019-06-20 15:09:00 - 1 - Website: OKAY