EnergyWatch

European Energy logs a deficit in Q2

The Danish wind and solar energy developer saw its profit and revenue dwindle during H1 of 2018, while the firm's Q2 results show red figures on the bottom line. The company could, however, celebrate reaching a milestone during the second quarter.

Photo: PR European Energy

According to European Energy, the company's deficit in the second quarter of 2018 is "in the line with guidance released by European Energy for the full year," the developer writes in its Q2 interim report.

The wind and solar energy developer informs in a press release that it has landed in a pre-tax deficit of DKK 9.3 million (EUR 1.25 million) in Q2 – a significant decrease relative to the year prior, in which the the firm showed a pre-tax profit of DKK 7.9 million.

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