NGF makes more money and wins more customers

Danish gas group NGF Nature Energy earned DKK 53 million after taxes and significantly increased the customer portfolio.

More customers were welcomed to the business at Danish NGF Nature Energy in 2016. And although declining gas prices meant that the company was unsuccessful in growing revenue, the operationalization of another two biogas plants stopped low gas prices from making a huge impact on the company's financial report, according to the 2016 results just released by Nature Energy.

The result for the Nature Energy group in 2016 shows a profit of DKK 53 million (EUR 7.2 million) after taxes, an improvement over last year of DKK 7 million.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs