EnergyWatch

Deficit-stricken Connected Wind Services gets help from German owners

Connected Wind Services' results have been the red for five consecutive years, and its deficit has also deepened since the red marker first emerged. The company's German Owners have therefore had to front the company liquidity while waiting for a turnaround.

Photo: Connected Wind Services Presse

Things are continuing to go downhill for Danish Connected Wind Services. The company's German owners have had to inject millions to maintain liquidity.

Connected Wind Services' 2017 revenue declined to DKK 176.2 million (EUR 23.7 million) from 191.3 million. The company's earnings before interest and taxes landed at a deficit of DKK 63 million against 49 million from the year prior.

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