Improvement at European utilities hindered by bad German figures

Major deficit in the German energy sector pulled Europe's average into a deficit for 2016, even though the majority of utilities managed to shift their bottom lines from negatives to positives.

The 13 largest energy companies in Europe booked a combined deficit of DKK 85 million (EUR 11 million) in 2016.

This is despite the improvement among the major European companies. Looking more closely at the figures, three players dragged down the rest, while ten actually booked profits. In contrast, half were forced to book a negative bottom line in 2015, reports Danish daily Berlingske Business.

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