The Supervisory Board has today approved the interim financial report for the first half of 2007 with the following main items:
First-half 2007 revenue was DKK 18,167 million compared with DKK 14,032 million in the first half of 2006. Second-quarter 2007 revenue was DKK 7,560 million compared with DKK 5,848 million in the second quarter of 2006
First-half 2007 EBITDA was DKK 4,808 million compared with DKK 4,793 million in the first half of 2006. Second-quarter 2007 EBITDA was DKK 1,646 million compared with DKK 1,445 million in the second quarter of 2006
First-half 2007 EBIT was DKK 2,458 million compared with DKK 3,808 million in the first half of 2006. Second-quarter 2007 EBIT was DKK 533 million compared with DKK 977 million in the second quarter of 2006.
First-half 2007 profit after tax was DKK 2,103 million compared with DKK 3,170 million in the first half of 2006. Profit after tax in the first half of 2007 benefited from non-recurring income of DKK 404 million versus DKK 188 million in the first half of 2006. Second-quarter 2007 profit after tax was DKK 848 million compared with DKK 1,087 million in the second quarter of 2006
First-half 2007 operating cash inflow was DKK 5,708 million versus DKK 4,270 million in the firsthalf of 2006. First-half 2007 investing activities absorbed DKK 10,364 million compared with DKK 8,870 million in the first half of 2006. The principal investments were the balance of DKK 6,675 million payable to the City of Copenhagen for the acquisition of KE Holding, the acquisition of ConocoPhillips' activities in Denmark, further investments in the Ormen Lange project, underground installation of power cables in North Zealand, international wind power activities, partly offset by the disposal of the gas storage facility near Ll. Torup and property in Copenhagen
The full-year outlook for EBITDA is DKK 7.9-8.3 billion and the outlook for profit after tax is DKK 2.2-2.6 billion
