Q3 2020 Orsted A/S Earnings Call Transcript
Hello, and welcome to this Ãrsted Q3 earnings call. (Operator Instructions) Today, I am please to present Henrik Poulsen. Please begin.
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Thank you, and good afternoon, everyone, and welcome to this earnings call. Ãrsted continued its strong financial and operational performance in the third quarter of the year, despite the persistent COVID-19-related challenges. Our asset base remained fully operational, and we have seen good progress on our construction projects across the different regions. EBITDA for the third quarter amounted to DKK 3.4 billion, a decrease of 18% compared to third quarter last year. But as you are aware, third quarter last year was significantly impacted by partnership income from Hornsea 1. Adjusting for partnership effects, EBITDA increased by 6%.
EBITDA from offshore and onshore wind farms in operation increased by 13% to DKK 3.4 billion, driven by ramp-up of Hornsea 1, Borssele 1 & 2, Sage Draw and Plum
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