EnergyWatch

Danish gas company delivers strong annual result

Competition is increasing in the Danish energy sector but cooperatively owned gas company OK performed strongly in 2016.

Photo: OK

Danish energy company OK sold more liters of fuel, more kilowatts of electricity, and more heat pumps in 2016 than in the previous year. The 11,600 cooperative owners can now look forward to the payment of record distribution, according to the annual report released by OK Tuesday.

The profit after taxes came to DKK 295 million (EUR 40 million) which is the company's biggest since 2012. Half of this sum will go directly to the company's cooperative owners, counting retailers, corporate customers, farmers, and haulage contractors.

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