EnergyWatch

Danish gas company delivers strong annual result

Competition is increasing in the Danish energy sector but cooperatively owned gas company OK performed strongly in 2016.

Photo: OK

Danish energy company OK sold more liters of fuel, more kilowatts of electricity, and more heat pumps in 2016 than in the previous year. The 11,600 cooperative owners can now look forward to the payment of record distribution, according to the annual report released by OK Tuesday.

The profit after taxes came to DKK 295 million (EUR 40 million) which is the company's biggest since 2012. Half of this sum will go directly to the company's cooperative owners, counting retailers, corporate customers, farmers, and haulage contractors.

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.

Further reading

Related articles

Latest News

See all jobs