Danske Commodities appoints new CEO and delivers record annual results for 2018

15.03.2019

Danish energy trading company Danske Commodities has appointed its CFO Helle Østergaard Kristiansen as new CEO. She takes over the position from founder Henrik Lind. At the same time, Danske Commodities announces the best annual results in company history.

Danske Commodities has appointed the Company’s long-time CFO Helle Østergaard Kristiansen as its new CEO effective 1 April 2019. She replaces founder Henrik Lind, who will assume a new role as member of the Board of Directors.

“Helle is the perfect choice as Danske Commodities’ new CEO. Through her four years as CFO and total of eight years with Danske Commodities, she has been vital in shaping the successful company that Danske Commodities is today. Most recently, she has played a key role in developing the Company’s new corporate strategy LEVEL UP – a strategy that she will now be responsible for executing,” said Danske Commodities Chairman Tor Martin Anfinnsen.

Reflecting on her appointment, Helle Østergaard Kristiansen said: “I am honoured and excited to have been selected to lead Danske Commodities. We are an agile and adaptable company with an extraordinary company culture and highly skilled employees, and with our new strategy as our guiding point, I look forward to strengthening our business through digitalisation and exploring opportunities for growth in global energy markets.”

The appointment of the new CEO coincides with Danske Commodities reporting record-high financial results for 2018 with a 28% increase in EBIT to EUR 72 million.

The performance was driven by periods with high price volatility as well as an increase in traded volumes, which produced a 71% revenue improvement from EUR 5,472 million in 2017 to EUR 9,377 million in 2018. Gross profit grew 19% to EUR 123 million, while the cost base remained stable with a slight increase of 9%, resulting in both top and bottom-line growth.

Commenting on the results, Henrik Lind said: “In volatile energy markets characterised by periods of extreme weather conditions not foreseen by the markets, we benefitted from our short response time and efficient operating setup, and we have exceeded our financial expectations for the year. While we do not expect to repeat this performance in 2019, the coming years will be exciting and transformative. We are now part of Equinor and see great opportunities in combining our expertise in energy trading with Equinor’s leading position in gas, growing renewables portfolio and strong balance sheet. We have a clear strategy in place and are strongly positioned for the future.”

Bio
CEO Helle Østergaard Kristiansen

About Helle Østergaard Kristiansen

  • 40 years old
  • Born in Hobro in Northern Jutland
  • Married, mother of three
  • Lives in Aarhus
  • Core skills: Energy trading & risk management, general management, finance and operational excellence
  • Background in the banking sector. Held previous roles as CRO and CFO. Board memberships in DS Norden and Stauning Whisky

  • For the past eight years, Helle has been instrumental in shaping Danske Commodities and helped grow the organisation from 30 to 300 employees in her previous roles as CRO and CFO
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Get in touch

Mads Schmidt Christensen Danske Commodities

MADS SCHMIDT CHRISTENSEN
Director, Head of Strategy & Communications

For more information please contact Mads Schmidt Christensen.

CONTACT

Direct contact information:

Mads Schmidt Christensen

T: +45 2794 2249

E: msc@danskecommodities.com

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Danske Commodities employees in front of a screen
who we are

About Danske Commodities

Danske Commodities is an international trader of energy-related commodities. We move energy from where there’s more than needed to where it’s needed most.

CEO Helle Østergaard Kristiansen at Danske Commodities headquarters in Aarhus
Leadership

Clear direction

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

Danske Commodities Annual Report 2018
Annual Report

Annual Report 2018

Thanks to our dedicated people and short response time in volatile energy markets, 2018 was our strongest performing year to date.