Company Announcement 3/2014
Copenhagen, 20 February 2014
Positive trend in financials confirmed
- Year to date 2013 profit of EUR 1.4M
- 23% increase in revenue to EUR 73.9M for 2013
- 41% increase in EBITDA to EUR 44.6M
- 6.5% increase in revenue to EUR 75.3M for 2013, including revenue from associates
- 18% increase in EBITDA to EUR 45.4M for 2013, including EBITDA from associates
Stabilization in the production performance despite lower Q4
- Total production generated in Q4 2013: 98 GWh (net) – down 3 %
- Total production generated in 2013: 405 GWh (net) – up 12 %
Stable Outlook for 2014
- Net production: 390 – 400 GWh
- Revenue (including associates): EUR 71 - 76M
- EBITDA (including associates): EUR 40 – 42M
Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:
“I am proud to announce that Greentech is back to profit. With continuing growth in key figures and excellent performance of the Italian wind activities, Greentech confirms that its performance is stabilized and the organization is continuously seeking opportunities for external growth.”
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: +45 40 10 88 71
Sigieri Diaz della Vittoria Pallavicini, CEO, Tel: +45 33 36 42 02
