Orsted – formerly Dong Energy – raised its full-year profit guidance as it unveiled its debut set of financial results under its new name.

The Danish group now expects to make underlying operating profit (Ebitda) of DKr19-21bn ($3-3.3bn) for the 2017 full-year, up from its previous expectation of DKr 17-19bn.

The upgrade came as Orsted sealed a divestment agreement with two Danish pension groups for 50% of the 659MW Walney Extension UK offshore wind project, a deal concluded with “a different distribution of the partnership income between 2017 and 2018 than what we previously expected”.