European Energy launches ambitious growth plan

The future looks bright for developer European Energy, which predicts giant growth of 30% annually. The company is also entering a new business area that will soon account for 20% of revenue.

by JAKOB SKOUBOE

After a record year last year, Knud Erik Andersen is ready for more. As a major shareholder and CEO of European Energy, he is so optimistic about the future that he expects the company, which develops green energy solutions, to grow around 30% in operating profit (ebitda) per year for a number of years. This corresponds to around DKK 1bn (EUR 161m), as the company’s last turnover was around DKK 3bn (EUR 402m).

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