Orsted AS (OTCPK:DNNGY)
$ 18.07 0.04 (0.22%) Market Cap: 22.78 Bil Enterprise Value: 32.49 Bil PE Ratio: 31.57 PB Ratio: 1.83 GF Score: 87/100

Q4 2019 Orsted A/S Earnings Call Transcript

Jan 30, 2020 / 01:00PM GMT
Release Date Price: $36.38 (-0.93%)
Operator

Hello, and welcome to the Ãrsted Annual and Q4 Report 2019. (Operator Instructions)

Today, I am pleased to present Henrik Poulsen, CEO; and Marianne Wiinholt, CFO. Please begin your meeting.

Henrik Poulsen;rsted A;S;President;CEO
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Thank you, and good afternoon, everyone, and welcome to this earnings call. 2019 was a strong year for Ãrsted with continued strategic progress, global expansion and strong financials.

Our group EBITDA, excluding new partnerships, came in at DKK 17.5 billion, an increase of 17% on 2018. Earnings from offshore and onshore wind farms in operation increased by 30% to DKK 14.8 billion, driven by ramp-up of new offshore and onshore wind farms.

2019 was also positively impacted by higher earnings from our trading activities and the reversal of a provision related to the Elsam competition case.

These positive developments were partly offset by the increase in provisions related to our LNG activities, higher project development

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