European Energy sets stage for big annual close

Electricity sales secure a decent Q3 for the Danish company, but after nine months more than two thirds for its full-year earnings guidance remain unfulfilled.

Photo: PR / European Energy

European Energy is a project developer that builds and sells wind farms.

Although that definition is not categorically incorrect, the group's third quarter interim report nonetheless underscores the imprecision of describing it as such.

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Welcon's record revenue shaves paper-thin profit margin

State-subsidized steel from China is making the Danish wind turbine tower supplier's profit bottom out. If the EU doesn't decide to impose a tariff on Chinese steel this year, Welcon predicts that several suppliers will collapse. "But it won't be us," the CEO says.

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