The energy group Norlys ended 2022 with a pre-tax profit of DKK 4.2 billion. This is what the media outlet Finans has learned from sources who have access to the group's annual results, which have yet to be published. The result is almost ten times higher than the previous year.
According to Finans, the high profit is particularly a result of large revenues in the energy trading company Norlys Energy Trading, of which the group owns 51 percent.
The money was earned in an energy market where there were large price fluctuations last year. This gave energy companies good conditions for making money from trading energy.
However, it is not clear from the media outlet's information which customers the earnings came from exactly. Nevertheless, some of the cooperative members have set out to settle the matter of what the profits should be used for. One of the proposals is that electricity consumers should receive a direct discount on their electricity prices.
Norlys does not want to comment on the results until the annual accounts have been approved at the group's general meeting on April 20.
- Overall, however, we can say that the entire profit will be reinvested primarily in initiatives related to the green transition or channeled back to our owners, says press officer Michelle Hald to Finans.
Others also have large profits
Norlys is not alone in having earned billions from energy trading last year. Finans was able to reveal on Wednesday that another energy trading company - Energi Danmark - earned 8.9 billion kroner after tax last year.
Energi Danmark, which is owned by the energy companies Andel and NRGI, has previously announced that the money was not earned from business customers. Instead, money has been made from trading energy in markets that are not located in the Nordic region.
Energi Danmark does not sell energy to private customers. The trading company's profit will - if it ends up being approved - be 50 times as large as the year before.
This was written by Finans based on a confidential draft of the accounts for NRGI, which the media had seen. Here too, it has been stated that there are no comments on the accounts until they have been approved and published.
/ritzau/
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