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ANNUAL REPORT 2011 - DONG Energy

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More reliable and clean energy<br />

<strong>DONG</strong> <strong>Energy</strong> works concertedly to produce more energy and to reduce<br />

emissions of CO 2 . Production of oil and gas is being increased to meet<br />

the growing demand for energy. Many new wind turbines are also being<br />

brought on stream. And we plan to convert our Danish power stations to<br />

more green generation through increased use of biomass. The financial<br />

statements show that it is possible to meet both the challenges in the<br />

energy area and achieve satisfactory financial results.<br />

Doubling EBITDA, DKK billion<br />

18<br />

16<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

0<br />

Realised Target Trend<br />

8.8<br />

2009<br />

2010<br />

13.8<br />

<strong>2011</strong><br />

2012<br />

2013<br />

2014<br />

17.6<br />

2015<br />

<strong>DONG</strong> <strong>Energy</strong>’s strategic directions<br />

Wind and biomass growth<br />

Growth in the production<br />

and sourcing of oil and gas<br />

Halving CO 2 emissions, g CO 2 per kWh<br />

650<br />

EBITDA Likvider 613<br />

600<br />

590<br />

Bindende lånefaciliteter 574<br />

550<br />

500<br />

450<br />

400<br />

350<br />

300<br />

638<br />

2006<br />

Realised Target<br />

2008<br />

2010<br />

524<br />

486<br />

2012<br />

Robustness via the<br />

integrated business model<br />

Development of the flexible<br />

energy system of the future<br />

2014<br />

2016<br />

2018<br />

320<br />

2020<br />

why wheRe to how<br />

524<br />

Mål<br />

Realiseret

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