European Energy maintained momentum in 2020

Despite the coronavirus pandemic, 2020 was a growth year for European Energy, which increased both its underlying business and staff last year and is now gearing up for further expansion.

by MATHIAS JULIUS FALKENGAARD

When Danish renewables developer and independent power producer European Energy upgraded its 2020 operating earnings forecast last month, the group guided for DKK 447m (EUR 60.1m), which now turns out have been slightly under mark, shows the company's annual financial statement, with earnings before interest, taxes, depreciations and amortizations totaling to DKK 455m.

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