danish renewableenergy company orsted as on thursday lifted fullyear earnings guidance after benefiting from higher power prices the company posted a net profit of 936 billion danish kroner 123 billion for the third quarter from dkk487 million a year earlier as revenue rose to dkk3654 billion from dkk1451 billion earnings before interest taxes depreciation and amortization excluding new partnerships fell to dkk297 billion from dkk304 billion a factset consensus forecast had seen net profit of dkk984 billion on revenue of dkk2473 billion orsted now sees fullyear ebitda excluding new partnership agreements of between dkk21 billion and dkk23 billion from between dkk20 billion and dkk22 billion previously the upgrade is mainly due to higher earnings from its combined heatandpower plants due to higher power prices in denmark we expect to continue to benefit from the high power prices the company said gross investments are now seen at dkk38 billion to dkk42 billion from dkk43 billion to dkk47 billion previously mainly due to timing effects on projects with lower spending expected in 2022 than originally planned it added the company still expects 2022 earnings in its onshore offshore and bioenergy and other units to be significantly higher than in 2021