Ørsted reports adjusted EBITDA in line with expectations

Danish energy group Ørsted reported an increase in revenue for the first quarter compared to the same period last year. Adjusted operating profit (EBITDA) was in line with expectations, while operating income came in lower than anticipated.

Revenue rose 33.4 percent to DKK 27,620 million (20,705).

Adjusted EBITDA amounted to DKK 9,545 million (8,871), against an expected DKK 9,473 million, yielding an adjusted EBITDA margin of 34.6 percent (42.8).

Operating profit was DKK 5,705 million (6,588), compared to an expected DKK 6,589 million. The operating margin stood at 20.7 percent (31.8).

Profit before tax was DKK 5,087 million (5,119), below the analyst consensus of DKK 6,113 million.

Net profit reached DKK 2,621 million (4,887), missing the analyst consensus of DKK 4,815 million.

Full-year guidance is reaffirmed.

Ørsted, DKKm	Q1-2026	Consensus	Change vs Consensus	Q1-2025	Change
Net sales	27,620			20,705	33.4%
Adjusted EBITDA	9,545	9,473	0.8%	8,871	7.6%
Adjusted EBITDA margin	34.6%			42.8%
Operating profit	5,705	6,589	-13.4%	6,588	-13.4%
Operating margin	20.7%			31.8%
Profit before tax	5,087	6,113	-16.8%	5,119	-0.6%
Net profit	2,621	4,815	-45.6%	4,887	-46.4%

Consensus data from Bloomberg