Nasdaq CopenhagenIFRS · EUR

EUROWIND ENERGY A/S

EUROWIND ENERGY A/S is a Danish renewable power developer and operator focused on wind, solar, and related energy assets across multiple European markets. The group develops, builds, owns, and operates renewable energy projects through a structure that includes project companies, joint ventures, and associates.

Liikevaihto202milj. EUR
+102,7 %v/v
Liikevoitto (EBIT)43,3milj. EUR
−73,5 %v/v
EBIT-marginaali21,5%
−142,5 %-yks.v/v
Nettotulos−4,3milj. EUR
−104,2 %v/v
Vapaa kassavirta−239milj. EUR
−209,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2024–2025

050100150200250milj. EUR2024: 99 milj. EUR2024: EBIT 163 milj. EUR20242025: 202 milj. EUR2025: EBIT 43 milj. EUR202520243
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Wind project development35 %

Development of onshore wind parks from permitting through execution.

Solar project development20 %

Development of utility-scale and related solar energy projects.

Project construction20 %

Building renewable assets and bringing projects into operation.

Operating renewable assets15 %

Ownership and operation of completed wind and solar parks.

Asset transactions and joint ventures10 %

Sale, partial sale, and co-ownership of renewable energy projects.

Asiakkaat

Eurowind Energy sells into a mix of power-market and investment-facing counterparties rather than end consumers. Its projects are monetized through electricity production, asset disposals, and co-ownership structures with financial and strategic partners.

Power markets and offtakers

Buy electricity generated by operating wind and solar assets, directly or via market sales.

Project investors and partners

Acquire stakes in operational or development-stage renewable assets through sales or JVs.

Lenders and financing partners

Provide project debt, corporate debt, and hybrid capital to fund growth.

Local project counterparties

Include landowners, contractors, and service providers involved in project delivery.

Strategia

The group’s strategy centers on developing renewable projects, bringing them into operation, and selectively monetizing mature assets through sales or partial disposals. It also uses joint ventures, project debt, and hybrid capital to support a long-duration pipeline of renewable investments.

Develop and commission renewable projectsKeskipitkä aikaväli

The core value creation engine is moving projects from permitting to operating assets.

Recycle capital through asset salesLyhyt aikaväli

Selling operational parks frees capital for new development and reduces concentration in mature assets.

Preserve financing flexibilityLyhyt aikaväli

The business is capital intensive and depends on access to debt, hybrid capital, and covenant headroom.

Manage market and weather-linked risks

Revenue and cash generation depend on power prices, production volumes, and hedging discipline.

Maantiede

The group is headquartered in Denmark and operates across multiple European countries through development, construction, and operating project entities. Its exposure is geographically diversified, and local power markets, permitting regimes, and financing structures influence how projects are developed and monetized.

Riskit

Eurowind Energy is exposed to development, construction, and operating risks typical of renewable power owners, including permitting delays, grid connection constraints, and output variability. Its earnings and cash flows are also sensitive to power prices, interest rates, foreign exchange movements, and covenant compliance because projects are financed with a mix of project debt, corporate debt, and hybrid capital.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Power price volatility1Weather and production variability2Interest rate and refinancing risk3Development and construction execution risk4Foreign exchange risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Power price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Operating renewable assets earn revenue from electricity sales that fluctuate with market prices.

    Kohdistuu: Operating wind and solar parks

  2. Weather and production variabilityVaikutus: KorkeaTodennäköisyys: Korkea

    Wind and solar output depends on weather conditions, creating volume uncertainty.

    Kohdistuu: Renewable generation assets

  3. Interest rate and refinancing riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The group uses substantial debt, and borrowing costs and covenant headroom depend on market rates.

    Kohdistuu: Corporate debt and project debt

  4. Development and construction execution riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Project value depends on obtaining permits, completing builds, and reaching commercial operation on time.

    Kohdistuu: Pipeline projects

  5. Foreign exchange riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Operations and investments span multiple countries, creating currency exposure.

    Kohdistuu: Cross-border projects and financing

Kirjanpito

Harkinnanvaraiset erät
Fair value remeasurement on disposals

Loss of control triggers remeasurement of retained interests and can create large one-off gains.

Vaikutus: The sale of wind parks produced a recognized gain including step-up on remaining holdings.

Hedge accounting and derivatives

Interest rate and cross-currency swaps are used to manage financing risk and affect OCI and earnings.

Vaikutus: Hedge ineffectiveness and reserve movements influence reported volatility.

Decommissioning provisions

Land leases require restoration obligations that depend on technology and site-specific costs.

Vaikutus: Changes in estimates alter liabilities and future asset costs.

Hybrid capital classification

Callable subordinated resettable capital securities can be presented differently depending on contractual terms.

Vaikutus: Classification affects equity, liabilities, and leverage metrics.

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.10.2026