Claims

Prediction · Their own work or organisation

“EBITDA (business performance) excluding new partnership agreements is expected to be DKK 12-13 billion in 2018 compared with DKK 12.7 billion in 2017.”

Ørsted · February 2018 · Annual report 2017 - Strong results support Ørsted's green transformation (Ørsted)

Ørsted expects 2018 EBITDA (business performance) excluding new partnership agreements of DKK 12-13 billion, compared with DKK 12.7 billion in 2017.

Resolved false The record shows it did not happen or was not so.

What would count as true or false

Compare Ørsted's reported 2018 EBITDA (business performance) excluding new partnership agreements with the predicted DKK 12-13 billion range. True: the reported figure is between DKK 12.0 and 13.0 billion inclusive. Mostly true: it is outside the range by no more than DKK 0.3 billion. Mostly false: it is outside the range by more than DKK 0.3 billion but no more than DKK 1.5 billion. False: it is outside the range by more than DKK 1.5 billion. Mixed is not used. The figure used must be the one Ørsted reports on the same basis as the guidance (excluding new partnerships); if Ørsted's own reconciliation is used, the excluded items must be identifiable in the report.

Evidence

1. Ørsted Annual report 2018 Ørsted Own record

   “EBITDA (excluding new partnerships) increased by 18% to DKK 15.0 billion.”

2. [PDF] investor-presentation-q4-2018.pdf - Ørsted Ørsted · 31 January 2019 Own record

   “Offshore new partnerships DKK 15.1bn:”

Reasoning

Ørsted's 2018 annual report states that EBITDA excluding new partnerships rose 18% to DKK 15.0 billion (E1). The Q4 2018 presentation separately identifies DKK 15.1 billion from new offshore partnerships, which confirms the excluded items (E2). DKK 15.0 billion is DKK 2.0 billion above the top of the predicted DKK 12-13 billion range, beyond the DKK 1.5 billion threshold, so the claim resolves false. Both sources are from Ørsted, but they are its specific reported financial results on the same basis as the guidance.

Cite this claim

Ørsted, “Ørsted expects 2018 EBITDA (business performance) excluding new partnership agreements of DKK 12-13 billion, compared with DKK 12.7 billion in 2017.” (said February 2018). Verdict: resolved false. Reliability API, claim c_9cc1510ec68d, method 0.1.0+7831dd9d. https://epistacklabs.com/claims/c_9cc1510ec68d