EnergyWatch

Wind industry supplier lands historically positive result

Danish supplier Nordmark Maskinfabrik doubled its bottom line this year even though the industry is in the midst of a battle to reduce prices. "It's really just a game that keeps sliding down a level," says the CEO.

Despite rising price pressure in the wind turbine industry overshadowing the sector in 2017, subcontractors still found ways to make money.

Denmark's Nordmark Maskinfabrik, which supplies steel and iron components to the wind industry, yards, offshore and marine engines, booked a bottom line close to DKK 11 million (EUR 1.48 million) this year, which is almost double the result from the same period last year. The bottom line was generated from a top line of DKK 71 million, relative to DKK 60 million in the same period last year.

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