The announcement comes with DONG's disclosure that its earnings before interest, taxes, depreciation and amortization (EBITDA) fell 17% to DKR2.6bn in the first quarter of 2009, primarily due to price fluctuations for the backbones of its business – oil, gas and coal.
“The financial crisis and economic recession are affecting DONG earnings as a result of falling prices and lower demand for power and gas,” acknowledges chief executive Andres Eldrup.
“But
