European Energy has released its annual report for 2022. The key financials show a growth of EBITDA from EUR 81m to EUR 135m and profit before tax from EUR 63m to EUR 110m.
The profit before tax for the year, meets the upper range target of the outlook which was EUR 100m +/- 10%, while EBITDA met the exact target on EUR 135m.
European Energy invested nearly EUR 800m in the green transition in 2022. The company also connected 655 MW in 2022. In total, European Energy had more than 1.3 GW of renewable energy capacity under construction at year-end 2022 compared to 0.8 GW in 2021.
The number of employees expanded to 550 by the end of 2022 from 343 by the end of 2021. In total eight new local offices were opened in 2022 bringing the total number of offices up to 23 in 18 different countries.
European Energy expect an EBITDA of EUR 180m and a profit before tax of EUR 140m for 2023.
