EWII records second best result ever
Energy conglomerate EWII rebounded from a significant loss in 2022 to a profit of DKK 426 million, marking its second-best result ever. The company, which supplies water, district heating, and electricity to the Trekantområdet and Bornholm regions, faced a loss after tax of over DKK 324 million the previous year, mainly attributed to its subsidiary EWII Invest due to adverse financial market movements that cost DKK 226 million. The turnaround in 2023 is attributed to stability in the established parts of the business. EWII has nearly completed the rollout of its fiber network to customers, which along with expansions in the electric grid, district heating, and the installation of public electric vehicle charging stations, contributed to the yearly result. Growth in the charger network was bolstered by several municipal tender wins.