The Energi Danmark group achieved a revenue of DKK 119bn in 2021 driven by historical high spot, gas and forward prices on the electricity market. High financial costs due to collateral requirements and losses due to the structure in Energi Danmark’s wind portfolio resulted in an unsatisfactory group deficit after tax of DKK 286.5m. Due to a change of the valuation of sales contracts, income from 2021 in the amount of DKK 86.6m was moved back to 2020 which would otherwise have lowered the deficit to DKK 199.9m after tax. The Energi Danmark group realised a strong Q1 2022 with a result before tax of DKK 313.5m.
The Energi Danmark Group achieved a revenue of DKK 44.9bn in 2020 as cross-border activities and continued increasing gas activity counteracted the effect of lower consumption and historical low prices.
During the first half of 2020 the Energi Danmark Group realised a profit before tax of DKK 130.6 million. This corresponds to a yearly return on equity before tax of 22%. The revenue of DKK 21.5 billion in the first half of 2020 is on the same level as the previous year.
During the first half of 2019 the Energi Danmark Group realised a profit before tax of DKK 73,6 million.