Annual Report 2019

With EBIT of EUR 50 million and gross profit exceeding the EUR 100 million-mark for the third consecutive year, Danske Commodities’ proved the robustness of its business model in a year with relatively uneventful energy markets.

ANNUAL REPORT IN SHORT

Danske Commodities presents a strong financial performance, delivering EBIT of EUR 50 million in 2019.
The results were mainly driven by our ability to grow traded volumes, as reflected in a 7% revenue increase to EUR 10 billion.
Gross profit was EUR 108 million, marking the third consecutive year in which Danske Commodities exceeded the EUR 100 million-mark.
Equity grew almost fourfold compared to 2018 to EUR 293 million and the equity ratio increased to 49% from 20% in 2018.
Employing technologies such as algorithmic trading, machine learning and robotics, Danske Commodities grew its average trades per day by 54% compared to 2018.