European Energy has experienced progress in the first nine months of 2025 compared to the same period the previous year. The progress is mainly due to greater divestments of renewable energy projects and increased construction activity across the company's portfolio. This is stated by European Energy in a press release.
The company's EBITDA amounted to 114.5 million euros, which is an increase of 102.5 million euros compared to the same period last year. The profit before tax ended at 9.6 million euros compared to a loss of 73.1 million euros the previous year. The progress is primarily due to the divestments of solar, wind and hybrid parks in Poland, Denmark, Germany and the USA, among others, as well as increased electricity sales.
In the third quarter (Q3) 2025, the company had a turnover of 106.7 million euros compared to 41.3 million euros the previous year, corresponding to an increase of 65 million euros. EBITDA ended at 3 million euros. euros, while the result before tax landed at minus 26.5 million euros, affected by higher financial costs. Production in the quarter amounted to 518 GWh, with solar energy increasing by 62 percent, while wind production decreased by 19 percent.
- European Energy has improved its results year on year despite mixed market conditions. We have also seen steady progress in the first nine months of the year in both construction activity and the rollout of new technological solutions in the company, says Jens-Peter Zink, Deputy CEO of European Energy.
Increased focus on battery storage
The company's construction activities grew by 33 percent compared to last year, and at the end of the third quarter there were over 1.5 GW under construction in nine countries. Among other things, the company strengthened its focus on battery storage, where 172 MW is now under construction, while a further 6 GW is under development.
The increased focus is intended to counter the increasing fluctuations in electricity prices and the many hours of low or negative prices, which are pressuring earnings from the company's energy production. With the battery plants, European Energy is focusing on storing electricity to a greater extent and selling it when prices are favorable, which should stabilize earnings and increase the value of the company's energy parks in the long term.
- We have taken steps to adapt to the current market conditions by focusing on new technologies in the company. This year, we have strengthened the rollout of battery storage across our portfolio. The strategy has now started to materialize, and we expect it to support results in the coming years, says Jens-Peter Zink.
In connection with the accounts, European Energy has narrowed its expectations for the year and now expects an EBITDA of around 200 million. euros with a margin of +/-15 percent. Previously, the expectation was 200-300 million euros, but the company now expects to land at the lower end of the range, as certain project sales may be postponed to 2026.
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