Energi Danmark A/S: Half-yearly report 2018 H1

August 16 th 2018

During the first half of 2018, the Energi Danmark Group realised a profit before tax of DKK 60.8 million and consolidated revenue of DKK 13,695 million. This corresponds to a return on equity before tax of 13 % and an increase in the gross profit of 13.7 % compared with the first half of 2017. Cash flow improved by DKK 425.2 million.

The half-year result is in line with the budget and the expectations for the year as a whole are maintained.

The Energi Danmark Group's balance sheet is DKK 8,661 million as of 30 June 2018. The cash flow for the period continued to improve in the first half of 2018 with an increase in the group cash position of DKK 425.2 million.

The Energi Danmark Group has experienced a posi­tive first half year in terms of sales and the sales in the Danish, Finnish, German, and Swedish markets are in line with the expectations. Sales in our Norwegian subsidiary, Energi Salg Norge AS, have been especially strong in the first half of 2018.

No audit or review has been made to the figures for the first half of 2018.

For further information contact: Chairman of the board Jesper Hjulmand, phone +45 70 29 29 00 or mobile +45 40 58 35 65. CEO Jørgen Holm Westergaard, phone +45 87 42 62 62 or mobile +45 22 37 87 80.

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