Strong performance in defining year for energy markets
Danske Commodities delivered adjusted EBIT of EUR 272 million in a year with unprecedented market volatility. Extreme weather events and a faster-than-expected economic bounce-back from Covid-19 combined with low gas storage levels resulted in historically high energy prices, which created both opportunities and challenges for energy market participants.
- DC Group
- DC US
Unprecedented price volatility across energy markets
In 2021, European energy markets saw unprecedented price volatility across commodities. By the end of the year, prices were spiking at record highs, producing price levels times ten. A combination of strong recovery in demand, extreme weather events, unplanned supply outages and underperforming Russian gas deliveries into Europe created a perfect storm for the tightest gas market in recent decades – and unprecedented volatility in energy prices.
- Power (German day-ahead)
- Gas (TTF day-ahead)
Bringing energy to where it’s needed most
Danske Commodities realises the full potential of energy resources by offering energy-related services to customers and trading power and gas in global energy markets.
People like no other
In 2021, our people navigated safely through unprecedented market volatility – and a pandemic – and together we delivered outstanding results. As our people are an essential driver of Danske Commodities’ success, we strengthened our focus on providing every employee with tailormade opportunities to grow by having interesting tasks, responsibility from day one and highly capable colleagues. This also resulted in continued record-high employee motivation, with a score of 81 out of 100 in our annual people engagement survey, placing Danske Commodities significantly above the top-in-class benchmark.
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Making a difference
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