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.

Benefitting from increased scale and automation, we present a strong financial performance with EBIT of EUR 50 million in 2019

Helle Østergaard Kristiansen, CEO

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.

Energy trader looking at computer screens
Trading

Energy trading

Our core business has always been energy trading. We currently trade in 39 countries, specialising in renewable energy and emerging markets.

Transmission cables and blue sky
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.

EBIT

50

EURm in 2019

GROSS PROFIT

108

EURm in 2019

EQUITY RATIO

49

% in 2019