EnergyWatch

"It's a very risky business and the reward isn't that great"

Revenue at BWSC continues to skyrocket and has reached almost DKK 3 billion. But despite gains in results, the margins are not big. We must continue to grow but take on less risk, says CEO.

Danish nuclear power plant producer BWSC continues to roar ahead. In 2016, revenue went up 40 percent to DKK 2.95 billion (EUR 397 million), which is almost a tripling in five years, while the result was its best since 2010.

The result came to a profit after taxes of DKK 85 million, however this means a profit margin of just 2.9 percent. This margin is the second-lowest in recent times and far from the margins of 8-12 percent which were reached at the end of last decade. Meanwhile, the cash flows last year ended at a loss of DKK 559 million, compared to a positive DKK 66 million in the previous year, mainly due to a negative cash flow from operations of DKK 331 million.

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