Text with link to annual report at dongenergy.com. No changes in content.
The Supervisory Board of DONG Energy A/S has today approved the company's
annual report for 2009.
DONG Energy's activities and financial performance in 2009 were affected by the
financial crisis. However, taking a longer-term view, 2009 was also a year of
vital strategic decision-making that will ensure that DONG Energy will lead the
transition to a greener future.
DONG Energy invested DKK 18 billion in 2009, predominantly in offshore wind
farms, development of natural gas and oil fields and natural gas-fired power
stations.
Given the tough market conditions, EBITDA is considered to be satisfactory.
Furthermore, DONG Energy succeeded in maintaining strong cash flows from
operating activities.
• Revenue was down 19% at just under DKK 50 billion as a result of lower
prices, partly offset by higher natural gas production
• EBITDA was down DKK 4.8 billion, at DKK 8.8 billion, reflecting lower natural
gas and oil prices as well as timing differences relating to natural gas
and coal
• Profit for the year was DKK 1.1 billion compared with DKK 4.8 billion in 2008
• Cash flow from operating activities was DKK 9.5 billion compared with DKK
10.4 billion in 2008.
EBITDA in 2010 is expected to be significantly ahead of 2009.
In connection with the publication of the annual report, a press meeting for
journalists will be held at 12.30 pm CET at Nesa Allé 1 in Gentofte.
A telephone conference for investors will be held at 11.00 am CET:
Denmark: +45 32 71 47 67
International: +44 207 509 5139
The presentation for the conference will be available prior to the presentation
at the company's website at the following address:
http://www.dongenergy.com/EN/Investor/presentations/
The annual report can be downloaded at:
http://www.dongenergy.com/EN/Investor/reports
For additional information, please contact:
Media Relations
Andreas Krog
+45 9955 2023
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,000 employees and generated just under DKK 50 billion (EUR
6.6 billion) in revenue in 2009. For further information, see
www.dongenergy.com.