Most recent annual report
2020 has in many ways been a historic year for the Andel Group. With the acquisition of Radius Elnet and Ørsted's private customer and outdoor lighting business, Andel has strengthened its core business and the foundation for continued development.
Active ownership and value creation for our cooperative members. These are some of the important points in the recommendations for good corporate governance to which Andel adheres. As a consumer-owned energy and fibre-optic group, it is a prerequisite that we can ensure transparency for our owners.
Andel’s Board of Directors and corporate management team comply with the 15 recommendations for good corporate governance and active ownership, which Danish Energy has defined. Each year we prepare a status for the group’s work on good corporate governance.
Previous annual reports
SEAS-NVE’s financial statements for 2018 demonstrate that the cooperative society on Zealand continues its positive growth rates of previous years. In 2018, the group had a revenue of DKK 7.3 billion. This constitutes a record high growth of 91 per cent compared to the previous year. The results are also in the DKK billion range. The company presents a profit before tax and minority interests of DKK 4.6 billion. This constitutes an increase of 32 per cent compared to the previous year.