European Energy has delivered a result in the first quarter of 2025, which the company itself describes in a press release as "solid".
The company's EBITDA ended at 342 million DKK, and the profit before tax amounted to 263 million DKK. The positive bottom line is primarily driven by the sale of energy projects in the USA and Denmark. The sale of projects has also led to a significant increase in revenue for the quarter, which amounted to approximately 1.5 billion DKK against 251.5 million DKK for the same period last year. Energy sales in Central Europe have pulled the other way, due to low electricity prices and weak wind resources.
Based on the results, the company maintains its full-year expectations of an EBITDA of between 1.49 and 2.24 billion DKK. DKK, reflecting confidence in continued growth across core activities.
PtX milestone reached
In the first quarter, the company also produced its first e-methanol from the plant in Kassø in South Jutland. The plant has an annual capacity of 42,000 tonnes, and the first deliveries to customers took place immediately after the end of the quarter.
- The production of our first e-methanol from renewable energy marks an important step in the rollout of green fuels to sectors that are difficult to decarbonize. It shows that we are not just working with ambitious ideas – we are delivering concrete results. Together with one of our strongest quarters to date, this underlines the strength of the company, says Jens-Peter Zink, CEO of European Energy.
At the end of the quarter, European Energy had 1,219 MW under construction – a slight increase compared to the 1,151 MW at the end of 2024. In addition, the company's electricity production amounted to 496 GWh, and investments in data-driven solutions to optimize production were highlighted as a strategic focus area.
Despite global trade tensions, especially involving the USA, European Energy experienced only minimal impact. This is because the company's main markets are Europe and Australia, where components are purchased at global prices without special import duties.
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.
