The Supervisory Board of DONG Energy A/S has today approved the interim
financial report for the first quarter of 2008 with the following highlights:
First-quarter 2008 revenue was DKK 15,080 million
EBITDA was DKK 3,186 million, up 3% from DKK 3,102 million in the first
quarter of 2007, and can be broken down as follows among DONG Energy's four
segments:
o E&P DKK 1,262 million, up 167% from DKK 473 million in the first quarter of
2007 due to significantly higher production and higher oil and gas prices
o Generation DKK 803 million, down 54% from DKK 1,750 million in the first
quarter of 2007 due to a less positive effect of price hedging and lower
thermal generation
o Distribution DKK 592 million, up 33% from DKK 444 million in the first
quarter of 2007, primarily reflecting lower costs in the quarter
o Markets DKK 554 million, up 11% from DKK 499 million in the first quarter of
2007, primarily reflecting higher gas sales
Profit after tax was DKK 1,252 million compared with DKK 1,255 million in the
first quarter of 2007
EBITDA and profit after tax for 2008 are still expected to be on a par with
2007, as most recently announced in connection with the presentation of the
2007 annual report on 11 March 2008
"It was a satisfactory first quarter on a par with the same quarter last year -
and we are on track to deliver the full-year 2008 result that we have promised.
The first quarter was characterised by new exciting business initiatives for
DONG Energy. We started construction of our second-generation bioethanol plant
in Kalundborg and, in March, announced our electric car project the aim of
which is to offer an electric infrastructure that will significantly reduce CO2
emissions from the Danish car population. Lastly, we held our gas release
auction, which proceeded satisfactorily.", says Anders Eldrup, President and
CEO.
Further information:
Louise Münter
Media Relations
Telefon: 9955 9662
Steen Juul Jensen
Investor Relations
Telefon: 9955 9724