UPDATE 1-Orsted posts Q2 profits above expectations, keeps guidance unchanged

(Adds earnings detail, CEO quotes in paragraphs 2-4)

COPENHAGEN, Aug 15 (Reuters) – Orsted, the world’s biggest offshore wind farm developer, on Thursday reported second-quarter operating profit above expectations and kept its full-year profit forecast unchanged but said it would lower investments this year.

Profit before interest, tax, depreciation and amortisation (EBITDA) and excluding new partnerships rose 59% from a year earlier to 5.27 billion Danish crowns ($778 million), above an average forecast of 4.41 billion crowns in a poll of analysts provided by Orsted.

“I am pleased with our results,” CEO Mads Nipper said in a statement.

“Orsted’s operations are performing well, and particularly the earnings from our offshore wind farms, and thus our core business, have increased,” he said. (Reporting by Jacob Gronholt-Pedersen, editing by Terje Solsvik)

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