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Home » Finance » Orsted Reports 23% Drop in Operating Profit for First Nine Months of 2023
Finance

Orsted Reports 23% Drop in Operating Profit for First Nine Months of 2023

By Stanley SheltonNovember 1, 20233 Mins Read
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Ørsted CEO Mads Nipper. (Credit: Ørsted)
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Copenhagen-based Orsted has announced a 23% decrease in its operating profit (EBITDA) for the first nine months of 2023, reflecting challenges within the renewable energy sector. During this period, Orsted achieved an EBITDA of €2.6 billion (DKr 19.4 billion), compared to €3.4 billion (DKr 25.4 billion) in the same timeframe in 2022. Excluding earnings from

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