EnergyWatch

European Energy quadruples its profit

European Energy made significant gains in 2016 with major top and bottom line growth. The company is working to sell more projects under construction in locations including Denmark, Germany, and Italy.

Photo: European Energy

Danish energy developer European Energy showed solid performance in 2016 with skyrocketing revenue and a quadrupling of the bottom line.

The company boosted its top line to EUR 101 million, up from EUR 74 million. But the biggest change is found on the bottom line where the result came to EUR 15.6 million. This is quite a leap compared to the result in 2015, which came to EUR 3.4 million.

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