Dong Energy has increased its group operating profit guidance to DKK 24-25billion from a previous range of DKK 20-23billion for 2016.
Wind Power is now expected to report EBITDA towards the high end of the DKK 10-12billion. It comes after the firm made a major divestment Race Bank offshore wind farm for £1.6billion.
Henrik Poulsen, DONG Energy’s chief executive, said: “We have had a really good year in DONG Energy and made significant strategic and operational progress in all business units. We have continued the green transformation and seen significant growth in our operating profit. All business units have delivered better than expected or to the high end of our expectations, and the divestment of 50% of the Race Bank Offshore Wind Farm has triggered the increase in our EBITDA guidance.”
The increase is also driven by strong operational performance and cost reductions in oil & gas, combined with results better-than-expected from both renegotiations of gas contracts and from operations in Distribution & Customer Solutions.
Read more about its wind farm divestment here.
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