Danish wind supplier makes record profit

With key figures on both top and bottom line that seem to defy the wind industry's current logic, Welcon now shows that it still makes sense to manufacture towers for the offshore industry from an inland factory. However, the party has ended, says managing director.

The most recent annual report from Danish turbine tower manufacturer Welcon seems almost illogical. In a time when the global wind industry is characterized by two interrelated tendencies — high activity and heavy price pressure – it would seem intuitive to think revenue would be high while earnings were low. Not least for a supplier, which is highly dependent on steel, a commodity that has experienced soaring prices during the fiscal year.

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