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.
In August, spot prices could increase, although the level will likely remain far below the average for this time of the year.
The fears of the new corona virus are starting to dominate the markets. The oil price has dropped more than 10 % during the last week due to the uncertainty.