BWSC loses all steam

A drop in new EPC orders of 95 percent overshadows shrinking revenue and a major deficit. This year looks better, though it probably won't reach sky height, says the power plant producer's CEO, who fights to simplify matters.

Photo: BWSC

Normally, a deficit of DKK 101 million (EUR 13.5 million) before taxes would be the most alarming thing in a fiscal report. Alternatively, revenue dropping by a fourth. Although both things applied to power plant producer BWSC in 2019, it's a third number that really has the company distressed.

Last year, the intake of new orders came to a mere DKK 474 million, less than a sixth of 2018's order intake, which was already a drop from the firm's most busy periods. At the same time, orders for new power plants only amounted to DKK 72 million, a decline of more than 95 percent from the year prior.

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