Energi Danmark A/S - Half-yearly report 2017 H1
Vienna, August 17th 2017
During the first half of 2017, the Energi Danmark Group realised a profit before tax of DKK 64.7 million and a consolidated revenue of DKK 8,233 million. This corresponds to a profit before tax of the average equity of 14.6 % per year and an increase in the gross profit of 3.5 % compared with the first half of 2016.
The half-year result is in line with the expectations and therefore the expectations for the year as a whole are maintained.
The Energi Danmark Group's balance sheet is DKK 5,535.8 million as of 30 June 2017.
In June, Energi Danmark A/S issued a new 3-year corporate bond of DKK 750 million and the corporate bond was admitted to trading on NASDAQ First North Bond Market Copenhagen with first trading day on 11 August 2017.
Energi Danmark Vind A/S has had a satisfactory start in 2017 with a profit before tax in the first six months of 2017 of DKK 20,2 million. Approximately DKK 323 million has been invested in new landbased wind turbines
In general, the Groups subsidiaries have experienced a positive first half year in terms of sales. Sweden and especially Germany has achieved significantly better sales in the first half of 2017 compared to the first half of 2016.
As mentioned in the annual report 2016 (page 7) the substantive case between DONG Energy and the Danish Competition Council, where Energi Danmark is bi-intervenient, has continued and the status is that we await the High Court of Western Denmark to begin the case. In the compensation case, the Maritime and Commercial Court has resumed the preparation and we have held an edition request in court and have submitted our model regarding the spot market abuse.
No audit or review has been made to the figures for the first half of 2017
For further information contact:
Chairman of the board Jesper Hjulmand, phone 70 29 29 00 or mobile 40 58 35 65.
CEO Jørgen Holm Westergaard, phone 87 42 62 62 or mobile 22 37 87 80.
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