EnergyWatch

Lower taxes and increased effectiveness boosts Greentech

The bottom line in Greentech Energy Systems has quadrupled despite declining revenue. The company expects improvement in 2017.

Photo: Greentech Energy Systems/PR

Energy producer Greentech managed to lift the bottom line tremendously in 2016 despite a slight reduction in revenue.

Company revenue fell by EUR 46.6 million in 2016 to EUR 47.3 million the year before. However the operating result has shown a slight improvement of EUR 1.1 million to EUR 30.4 million. Things look even better on the lowest line, where profits have quadrupled from EUR 1.3 million to EUR 5.5 million.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs