Mitsubishi funds go to debt reduction in European Energy

European Energy’s debt had reached almost DKK 10bn before a huge Japanese capital injection reduced it significantly. However, the company still reports a loss in the first quarter.

by JAKOB SKOUBOE

Despite a drop in revenue and red first-quarter figures, European Energy’s CEO and founder Knud Erik Andersen is completely calm. The financial situation is as expected, he tells EnergyWatch after the company presented its first-quarter results on Friday morning.

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European Energy finds new Ammongas CEO
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European Energy's Japanese stakeholder will consider second investment
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