Nasdaq CopenhagenIFRS · EUR

EUROPEAN ENERGY A/S

European Energy A/S develops, constructs, owns, and operates renewable energy infrastructure. Its platform spans solar power, onshore and offshore wind, battery energy storage systems, green fuels, carbon capture, and asset management across a broad international pipeline.

Liikevaihto766milj. EUR
+101,4 %v/v
Liikevoitto (EBIT)146milj. EUR
+39,0 %v/v
EBIT-marginaali19,1%
−8,6 %-yks.v/v
Nettotulos27,3milj. EUR
−39,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0200400600800milj. EUR2020: 207 milj. EUR2020: EBIT 50 milj. EUR20202021: 329 milj. EUR2021: EBIT 64 milj. EUR20212022: 438 milj. EUR2022: EBIT 120 milj. EUR20222023: 420 milj. EUR2023: EBIT 155 milj. EUR20232024: 380 milj. EUR2024: EBIT 105 milj. EUR20242025: 766 milj. EUR2025: EBIT 146 milj. EUR2025766146
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Renewable electricity projects55 %

Development, construction, ownership, and operation of solar and wind energy parks.

Project sales25 %

Sale of completed or near-complete energy parks and related project rights to financial and strategic buyers.

Power generation and PPAs12 %

Recurring electricity sales from owned assets under corporate PPAs and subsidy programmes.

Energy storage4 %

Battery storage assets and hybrid solar-plus-storage systems that improve dispatchability and value capture.

Power-to-X and green fuels4 %

Production and development of e-methanol, bio-methanol, hydrogen, and related low-carbon fuels.

Asiakkaat

European Energy sells into two broad customer groups: investors and strategic buyers of renewable projects, and end users of clean power and green fuels. Its recurring power sales are tied to corporate offtakers under PPAs, subsidy-supported market structures, and industrial customers that need decarbonized energy or feedstock.

Project buyers and infrastructure investors

Acquire developed or ready-to-build solar, wind, and storage projects for long-term ownership or portfolio rotation.

Corporate power offtakers

Buy renewable electricity under PPAs to secure price visibility and decarbonize operations.

Industrial fuel customers

Buy e-methanol, bio-methanol, or related renewable fuels for shipping, chemicals, and aviation value chains.

Grid and market participants

Use battery storage-backed power to balance intermittent generation and participate in power markets.

Third-party asset owners

Outsource operations and maintenance and asset management services for renewable energy parks.

Strategia

European Energy's strategy is to combine project sales with recurring ownership income from operating assets, while broadening its technology mix across wind, solar, storage, and Power-to-X. It is also building battery storage into new and existing projects to improve dispatchability and reduce the impact of curtailment, while using partnerships to scale green fuels and other industrial decarbonization solutions.

Scale battery storageLyhyt aikaväli

Storage helps mitigate price volatility and curtailment, improving the economics of intermittent generation.

Convert pipeline into operating assetsLyhyt aikaväli

Turning developed projects into construction and operation supports growth and capital rotation.

Grow Power-to-X and green fuelsKeskipitkä aikaväli

Green fuels broaden the revenue base into hard-to-electrify sectors and reduce reliance on power-only economics.

Maintain technology and market diversificationPitkä aikaväli

A broad portfolio helps the business adapt to changing grid conditions, regulation, and commodity pricing.

Maantiede

The company is headquartered in Denmark and operates across a global pipeline of 25 markets. Its activity is spread across project development, construction, and asset management, with a meaningful operational base in Northern Europe and an expanding footprint in other international markets.

Riskit

The business is exposed to power-price volatility, curtailment, and grid congestion because much of its output depends on variable renewable generation. It also faces execution risk in large projects and new technologies such as BESS and green fuels, where economics depend on scale, regulation, offtake, and construction performance.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Curtailment and negative power prices1Project execution and construction risk2Technology commercialization risk3Regulatory and permitting risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Curtailment and negative power pricesVaikutus: KorkeaTodennäköisyys: Korkea

    Intermittent renewable output can exceed grid demand or capacity, forcing parks offline or lowering prices.

    Kohdistuu: Power sales and owned assets

  2. Project execution and construction riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The model depends on delivering projects on time and on budget across multiple countries and technologies.

    Kohdistuu: Development and EPC activities

  3. Technology commercialization riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    BESS, e-methanol, and bio-methanol require successful scaling, certification, and market acceptance.

    Kohdistuu: Power-to-X and storage pipeline

  4. Regulatory and permitting riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Renewable infrastructure depends on permits, subsidies, network access, and changing energy rules.

    Kohdistuu: Multi-country project pipeline

Kirjanpito

Harkinnanvaraiset erät
Revenue timing by business line

Project sales and power sales are recognized differently, making revenue mix and timing important for comparability.

Vaikutus: Can cause large swings in reported revenue and margin

Capitalized development and construction assets

Costs incurred before projects are operational may be capitalized and later amortized or sold.

Vaikutus: Affects profit timing and balance sheet size

Impairment and fair value estimates

Project values depend on power prices, curtailment, regulation, and technology assumptions.

Vaikutus: Can materially affect earnings and carrying values

Lease and project financing structures

Owned assets and project-level funding may create lease, debt, or guarantee accounting considerations.

Vaikutus: Influences leverage metrics and interest expense presentation

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.10.2026

EUROPEAN ENERGY A/S (XCSE) – Analyysi ja tunnusluvut – Clarifo