Annual Report 2016

Thanks to Danske Commodities’ dedicated employees and a keen focus on value creation, we have delivered strong results in 2016. We are proud of what we have achieved so far, but we also know that constant development is a prerequisite for accomplishment. That is why we say: Challenge. Compete. Repeat.

Annual Report 2016

CHALLENGE. COMPETE. REPEAT.

Danske Commodities keeps a strict focus on doing what we do best: We challenge market inefficiencies and bring energy to where it is needed most. We compete to deliver on the promise of liberalised markets. And we repeat to keep meeting the needs of the ever-changing energy landscapes.

We stay focused on our core expertise in short-term physical power and gas trading and related services. This is the main reason we are able to present strong financial results for 2016.

FINANCIAL HIGHLIGHTS 2016

  • Gross profit was at EUR 85 million, 3% higher than in 2015.
  • Gross margin was 3.0%, up from 2.8% in 2015 which is considered satisfactory given the market conditions.
  • EBIT increased by 12% to EUR 33.7 million from EUR 30.2 million in 2015.
  • EBT increased by 10% to EUR 33.7 million from EUR 30.7 million in 2015.
  • Revenue remained steady at EUR 2.9 billion mostly as a result of low European wholesale power prices in the first eight months of the year.
  • Equity amounted to EUR 84 million, an 8% increase from EUR 78 million at 31 December 2015.
  • Strong reserves of EUR 104.3 million in cash and cash equivalents at year-end.
  • Danske Commodities reached a remarkable financial milestone by exceeding the EUR 250 million mark in total EBIT.
Leadership

A clear direction

A solid performance requires a clear direction. Our experienced Senior Management Group and board provide the framework for how we conduct business.

Energy Trading Services
Services

Energy Trading Services

Trading activities are the engine of our business, while our trading capabilities enable us to offer a range of flexible, value-adding services.

Trading

Our core business

Our core business has always been energy trading. We currently trade in more than 30 countries, specialising in renewable energy and emerging markets.

EBIT

33.7

EURm in 2016

GROSS PROFIT

84.7

EURm in 2016

RETURN ON EQUITY

32.2

% in 2016