Strong growth and financial performance in 2016
The annual report shows strong growth in the Group’s EBITDA of 119% for the continuing operations.
- Operating profit (EBITDA) from continuing operations rose by DKK 10.4 billion in 2016 to DKK 19.1 billion. Wind Power almost doubled its earnings with an increase in EBITDA of DKK 5.7 billion, driven by higher activity from the construction and divestment of offshore wind farms
- Operating profit (EBITDA) including Oil & Gas totalled DKK 25.6 billion in 2016, which was slightly higher than the most recent guidance of DKK 24-25 billion
- Investments for the year totalled DKK 15.0 billion. Most of the investments were made in the continued expansion of offshore wind
Return on capital employed (adjusted ROCE) for continuing operations amounted to 24% in 2016 against 6% in 2015. ….
