European Energy A/S - Annual Report for 2014

The European Energy group (European Energy) doubled its revenue in 2014 resulting in total revenue of EUR 60.2m.The increase was largely due to sales transactions of a gross capacity of approximately 37 MW in the UK, Germany and Denmark to the tune of EUR 52.6m.

European Energy's gross profit totalled EUR 16.0m while EBITDA totalled EUR 8.9m. The group's share of profit for the year amounted to EUR 3.5m. The profit for the year was negatively affected by delay in the approval of the Danish PV regulatory framework and of some of our energy projects.