EnergyWatch

Q1 operating result slashed in half at Dong

The Danish energy major delivers a top line similar to last year's first quarter but has to enter 2017 with a lower result. CEO Henrik Poulsen calls the result "a good start to 2017."

Photo: /ritzau/Joachim Adrian/

Dong Energy booked DKK 1.6 billion (EUR 215 million) on the bottom line for the first three months of the year. For the same period last year, the result came to DKK 5.4 billion, shows the interim report which has just been released.

The bottom line is generated on revenue, virtually the same as last year, of DKK 17 billion. EBITDA was slashed in half from DKK 7.6 billion down to DKK 3.8 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs