EnergyWatch

Major Danish energy company books 3000 percent growth

Seas-Nve grew by more than 3,000 percent in 2016. "This is the type of financial report you usually only get to experience once in a lifetime," says the CEO, presenting a result Thursday in which the bottom line clearly surpasses the top line. However the report shows a downside amidst the boom.

The higher the climb, the harder you fall. At least for Danish Seas-Nve which has presented key figures this Thursday for its 2016 business. The company describes the year as "in many ways extraordinary", and this applies particularly to the bottom line growth of over 3,000 percent.

Last year, the Danish energy group booked DKK 166 million (EUR 22.3 million) on the bottom line, and this figure has now grown to DKK 5.1 billion. The result even surpasses revenue, which dropped from from DKK 4.1 billion in 2015, down to DKK 3.5 billion this year.

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