Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


European Energy has released its annual report for 2020, and its EBITDA grew by 38% to EUR 61.2 million, gross profit saw growth of 29% to EUR 73.9 million and equity stood at EUR 235.3 million following a 71% rise since the end of 2019.
 
Power sale has increased 41% in 2020 from EUR 30.5 million in 2019 to EUR 42.9 million and now represents 22% of the revenue. In 2021 six new offices were opened (Hamburg, Glasgow, Milan, Barcelona, Sao Paolo, and Vilnius) and the total number of employees grew with 55 to 203. During 2020, European Energy made its first investment into Power-to-X with a 24 % stake in the Danish e-methanol company, REintegrate. Both EBITDA and Profit before tax are expected to grow by more than 30% in 2021.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.