EnergyWatch

Bladt Industries' top line cut in half

The foundation producer remains in the black despite recording its worst revenue in a decade. There will be progress from now on, the company states.

Photo: Bladt Industries

Bladt Industries' 2018 was like a monopile without a transition piece – half – well, at least measured in revenue, which took a steep 52.8 percent nose dive to DKK 1.455 billion (EUR 194.85 million) compared to the preceding year, shows Bladt's 2018 annual financial statement.

Although this setback in revenue has not damaged the bottom line, which shows earnings before interest and taxes at DKK 43.6 million – roughly ten times the same post from 2017. Meanwhile, the net result of DKK 29.5 million remains practically unchanged compared to the rather low level from the the preceding year.

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