With EBT of € 33.7 million in 2016, Danish energy trading house Danske Commodities improves its profit by 10% compared to 2015. The performance is a direct result of increased profitability in the trading and customer business, as gross profit was up by 3% to € 84.7 million, whereas revenue remained steady at € 2.9 billion mostly as a result of low European wholesale power prices in the first eight months of the year.
Danske Commodities has invested in strengthening analytical capabilities and specialised trading skills, while initiating the implementation of a new Energy Trading and Risk Management (ETRM) system to enhance risk management and increase efficiency in day-to-day operations. At the same time, the company has further strengthened its position as independent provider of direct marketing for renewables customers in Europe by expanding volumes in Benelux, Italy and the UK.