(Corrects on-year earnings fall to 12% (not 27%) in second
paragraph)
COPENHAGEN, May 3 (Reuters) - Denmark's Orsted , the world's No. 1 offshore wind farm developer, on
Wednesday reported first-quarter operating profit in line with
expectations, and confirmed its full-year guidance given earlier
in the year.
First-quarter earnings before interest, tax,
depreciation and amortisation (EBITDA) excluding new
partnerships fell 12% to 6.91 billion Danish crowns ($1.02
billion), compared with the 6.9 billion expected by analysts in
a poll gathered by the company.
"We're pleased with the first-quarter results where our
offshore sites earnings are back on track as the key driver (for
operating profit)," Chief Executive Mads Nipper said in a
statement.
"Furthermore, the construction of our current wind and
solar assets is progressing according to plan," he said.
Orsted kept its 2023 forecast for EBITDA excluding new
partnerships unchanged at between 20 billion and 23 billion
crowns.
(Reporting by Jacob Gronholt-Pedersen, editing by Essi Lehto)
