In connection with the Annual Report 2008 DONG Energy A/S has decided to
implement IFRS 8 on segments. According to IFRS 8, the Group's segment
reporting has to be based on the internal management reporting.
This has led to the following changes:
• Sales has been reallocated from the Markets segment to the Distribution
• The oil pipe activities have been reallocated from the
Exploration & Production segment to the Sales & Distribution segment
Accordingly, the Group's reportable operating segments are defined as:
• Exploration & Production
• Energy Markets
• Sales & Distribution
Exploration & Production
Exploration & Production explores for and produces oil and gas. The activities
are focused in the waters around Denmark, Norway, the UK (West of Shetland
area), the Faroe Islands and Greenland.
Generation produces power and heat from efficient, flexible power stations and
renewable energy sources. Generation is a market leader in the construction and
operation of offshore wind farms and clean coal technology.
Energy Markets optimises DONG Energy's energy portfolio, forming the link
between the Group's procurement and sale of energy. Energy Markets sells gas
and power to wholesale customers and trades on energy exchanges.
Sales & Distribution
Sales & Distribution sells gas, power and related products to private
customers, companies and public institutions in Denmark, Sweden and the
Netherlands. Sales & Distribution operates the gas distribution network and
power grids, gas storage facility and oil pipeline owned by DONG Energy in
A quarterly statement on revenue, EBITDA and EBIT for the new segment reporting
is available for the period 2006 to September 2008 and for the full years 2003
to 2007 on www.dongenergy.com.
For further information, please contact:
Telephone: +45 9955 2023
Morten Hultberg Buchgreitz
Telephone: +45 9955 9750
DONG Energy is one of Northern Europe's leading energy groups. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing, trading and selling energy and related products in Northern
Europe. The company delivered revenue of DKK 41.6 billion in 2007 (approx. EUR
5.6 billion or USD 7.6 billion). DONG Energy has approx. 5,000 employees. For
further information, see www.dongenergy.com