EnergyWatch

Dong roars ahead after IPO

After only six months as a listed company, the Danish utility lands its first positive bottom line in four years. As expected, the wind division was the driving force behind a profit of more than DKK 10 billion.

Photo: ritzau/KATRINE MARIE KRAGH

After Danish Dong Energy's first year as a listed company, the financial result landed at DKK 10.4 billion (EUR 1.4 billion), according to the just-released annual report from the company.

Last year, the result for the entire business came to a deficit of DKK 12 billion (IFRS). You have to go all the way back to 2011 to find the last time that the Dong Energy group made a profit.

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