Energi Danmark Securities A/S (EDS) saw yet another positive year, with a realised pre-tax result of 6.6 DKK million. The result is below expectations, but a lot of changes have been made internally in the company that have caused expectations for 2019 to be much higher, increasing in 2020 and onwards.
The competition on both the physical and financial electricity markets is as hard as ever, with customer fees for portfolio management services in particular having fallen rapidly over the last few years. This is partly why earnings have been falling despite the company having experienced increased sales volume, reaching more than 13 TWh annually. In response to changing external market conditions the company has made internal strategy and risk modifications, but is also in the process of changing its customer payment structure from a primarily fee-based structure to a more performance-based structure. Our team of skilled employees and their many years of market experience is the foundation for the success of this new setup.
The company’s changes during 2018 should secure future and further growth, but also contribute to positive growth in the other subsidiaries as well as the rest of the Energi Danmark Group. The company thus has great expectations for the future and is confident it can bring even more added value to our customers.