Dong Energy has revised its outlook for the year upward on the back of strong nine-month results that included “increased earnings from wind”.
The company posted profits of £11.4million in the period, up from a loss last year. Total earning for the year is now expected to be up to £1.65billion, an increase of £57million on previous ambitions.
“The reason for the upward revision is that the financial performance for the first nine months of the year was better than previously expected,” said Dong.
Dong said business is developing positively in accordance with the 2020 strategy announced earlier this year.
The strategic focus on maintaining and developing Dong’s global leadership position in offshore wind has led to a doubling of earnings from wind power in 2013, driven by the completion of the two large wind farms London Array and Anholt.
A further three wind farms are under construction, two in the UK and one in Germany, and these are expected to be completed in the course of 2014 and 2015.
“The results for the first nine months of the year highlight the fact that Dong Energy’s performance and financial strength are on the right track,” said Henrik Poulsen, Dong chief executive .
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