Orsted has raised its full-year guidance for operating profit and investments as the Danish utility presented higher earnings in onshore wind and bioenergy during the second quarter, and was able to raise overall profits once one-off items are excluded.
The company increased is guidance for 2022 earnings before interest, taxes, depreciation and amortisation (Ebitda) by DKr1.0bn ($139m) to DKr20-22bn. The Ebitda guidance does not include earnings from new partnerships during the year, and thus excludes the gain from a sale of half of the Borkum Riffgrund 3 offshore wind array in Germany earlier this year, or the upcoming farm-down of Hornsea 2 in the UK.
