Danske Commodities consistently delivers a strong financial performance through a keen focus on our core business, while at the same time continuously optimising our operating model, improving scalability and maintaining a stable cost base.
In an unusual year, Danske Commodities delivered solid financial results with adjusted EBIT of EUR 44.3 million. Although energy markets and ways of working were seriously affected by the Covid-19 pandemic, earnings for 2020 were stable and level with the previous year.
EURm in 2020
EURbn in 2020
EURm in 2020
Danske Commodities holds a Baa1-rating with a stable outlook from Moody's Investor Service, one of the world's biggest credit rating agencies. The rating is two notches above investment grade and underlines Danske Commodities' strengthened financial position under the ownership of energy major Equinor.
We are committed to long-term, tightly controlled growth. One side of that coin is trading and services. The other is Risk Management. Risk Management is a key element in Danske Commodities’ daily operations and our risk framework is anchored in the Board of Directors and the Risk Committee.
Danske Commodities’ Risk Management operates within the following main risk categories:
We perform compliance checks to serve you better and manage risks more prudently.
A solid performance requires a clear direction. Our experienced Senior Leadership and board provide the framework for how we conduct business.
DC acts with honesty and transparency in our relationship with local tax authorities. Our tax policy reflects our commitment to comply with all relevant tax legislation.
Our Ethics Helpline makes it possible to report any potential inappropriate and illegal conduct in Danske Commodities in a secure and confidential way.