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Financials

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.

ANNUAL REPORT 2020

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.

ADJUSTED EBIT

44.3

EURm in 2020

GROSS TURNOVER

11.8

EURbn in 2020

EQUITY

332.4

EURm in 2020

TOP CREDIT RATING

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.

STRONG RISK MANAGEMENT

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:

  • Market risk
  • Credit risk
  • Operational and IT risk
  • Liquidity risk
  • Compliance risk
  • Legal risk

We perform compliance checks to serve you better and manage risks more prudently.

CEO Helle Østergaard Kristiansen at Danske Commodities headquarters in Aarhus
Leadership

Clear direction

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

pen on table
OUR APPROACH

Tax policy

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.

Employee at Danske Commodities walking in office
WHISTLEBLOWING

Reporting of concerns

Our Ethics Helpline makes it possible to report any potential inappropriate and illegal conduct in Danske Commodities in a secure and confidential way.