Verdo is facing a massive deficit in 2024. An as yet unpublished financial statement shows a total loss before tax of DKK 171.6 million, according to documents that Randers Amtsavisen has been given access to. The energy division Verdo Energy Systems in particular has contributed to the large deficit with a minus of 131 million DKK. According to the accounts, several projects in the division have had significant financial challenges, writes the local media.
The accounts also reveal that Verdo's total revenue has fallen to 3.29 billion DKK, which is almost 700 million DKK lower than the year before. The operating profit (EBITDA) has fallen to 1 million DKK, compared to 130 million DKK last year. The deficit also leads to a reduction in equity to 751.5 million DKK.
"Overall, the result for 2024 is very unsatisfactory. The result means that Verdo is not as well equipped as it has previously been," writes Verdo's CFO Kenneth R. H. Jeppesen in his report in the annual report.
Verdo's annual accounts are expected to be formally approved at the general meeting next week. Verdo's CEO Jesper Vinter Barslund does not want to comment on the financial statements until they have been approved.
amp
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
