Danish supplier halves profit despite growth

Price pressure in the wind industry has intensified and will continue, says Danish Aluwind, although the supplier still foresees growth outside of Denmark.

Aluwind continues its growth spurt from recent years. Revenue at the Danish wind industry supplier came to DKK 490 million (EUR 66 million) in the fiscal year 2016/2017, which is 15 percent more than in the previous year, while constituting growth of more than 50 percent compared to two years ago.

But the bottom line is not keeping up with this development. This year's result of DKK 13.7 million before tax is virtually half of last year's result. After three years of profit margins in the range of 5.9 to 7.6 percent, the profit margin last year was down at 2.8 percent. This indicates that the supplier is subject to the industry's overall trend, currently negatively impacting all wind suppliers: Increased price pressure.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs