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Q2 2019 Orsted A/S Earnings Call Transcript
Welcome to this Ãrsted Q2 2019 Earnings Call. (Operator Instructions) Today's speakers are the CEO, Henrik Poulsen; and the CFO, Marianne Wiinholt.
Speakers, please begin.
/-&
Thank you, and good afternoon, everyone, and welcome to this first half earnings call. Our company continued its strong performance in the second quarter, with results in line with expectations. And quite notably, also the award of 2 major U.S. offshore wind projects. Our EBITDA for the second quarter of the year amounted to DKK 3.6 billion, which is an increase of DKK 0.5 billion compared to last year. The increase in EBITDA was mainly driven by our offshore wind farms in operation, where we saw a year-on-year increase of 29%, driven by ramp-up in generation from Borkum Riffgrund 2 in Germany and Walney Extension and Hornsea 1 in the U.K.
We are quite satisfied with our financial performance, which puts us well on track to deliver on our full year guidance.
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