Outlook

Outlook for 2018

Outlook 2018

The Outlook is presented in the table below:
 MEUR
Outlook
2017
Revised Outlook
2017
Actual 2017 
Outlook 2018* 
Net production (GWh)
370 – 390
350 – 370
374
310 – 335
Revenue
51 – 53
53 – 55
56
48 – 51
Revenue from Joint Ventures

7 – 9

7 – 9

10

8 – 9

Total revenue

58 – 62

60 – 64

66 

56 – 60 

EBITDA**
33 – 35
36 – 38
39 
32 – 35 
EBITDA from Joint Ventures
6 – 8
6 – 8
8
6 – 7
EBITDA including Joint Ventures ***

39 – 43

42 – 46

47 

38 – 42 

EBITDA margin including Joint Ventures

67% – 69%

71% – 73%

71%

68% – 70%

* The outlook numbers for 2018 are lower than in 2017 due to the sale of the Danish and German turbines (see Company Announcement 21/2017 and Company Announcement 02/2018).
** Adjusted for Income from Joint Ventures.
*** Operation profit/loss before impairment excluding depreciations and income from investments in Joint ventures and including the EBITDA pro-quota of Joint Ventures.