Q3 2023 Financial Highlights & Renewable Capacity Update
Group - Financial highlights
Financial highlights
EBITDA
Q3 2023 Q3 2022
A 9M 2023 9M 2022
A
FY 2022 FY 2021
A
DKKm
9,173
12,317
(26%)
19,403
25,361
(23%)
32,057
24,296
32%
- New partnerships
4,007
9,346
(57%)
4,007 10,916
(63%) 10,993
8,507
29%
- EBITDA excl. new partnerships
5,166
2,971
74%
15,396
14,445
7%
21,064 15,789
33%
⚫ Offshore
4,030
293
n.a.
12,421
6,559
89%
8,576
9,514
(10%)
Onshore
819
867
(6%)
2,445
2,792
(12%) 3,644
1,349
170%
Bioenergy & Other
155
1,849
(92%)
89
5,010
(98%) 8,619
4,747
82%
Operating profit (EBIT)
(21,786)
9,787
n.a.
(16,448)
Total net profit
(22,562)
9,355
n.a.
(19,898)
18,399
15,325
n.a.
19,774 16,195
22%
n.a.
14,996
10,887
38%
Operating cash flow
9,796 (11,309)
n.a. 22,362
(8,991)
n.a.
11,924
12,148
(2%)
Gross investments
(9,204) (14,417)
Divestments
Free cash flow
Net interest-bearing debt
42,892
1,735 22,459
(2,327) (3,267)
45,701
(36%)
(92%)
n.a.
(319)
3,427
(25,470) (27,621)
24,653
(8%)
(37,447) (39,307)
(5%)
n.a. 25,636
21,519
19%
11,959
(71%)
113
(5,640)
n.a.
(6%)
42,892
45,701
(6%)
30,571
24,280
26%
FFO/Adjusted net debt¹
%
20.9
35.3
(14 %p)
20.9
35.3
(14 %p)
42.7
26.3
16%p
ROCE
%
(13.7)
24.4
(38%p)
(13.7)
24.4
(38%p)
16.8
14.8
2%p
30
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