Most recent annual report
2019 was a historic year for Andel, in which the group again delivered very satisfactory results and concluded the acquisition of Radius Elnet and Ørsted’s residential customer and exterior lighting business. A decisive transaction which secures a strong foundation for the Andel group of the future.
"Andel is in a strong position for taking responsibility for the digital and green transition in Denmark"
Jesper Hjulmand, CEO - Andel
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.
CSR – it’s about making a differenceMore about CSR
One of the pivotal tasks for society in our time is the transition to renewable energy. As one of Denmark’s largest energy and fibre-optic groups, Andel plays a decisive role in the transition to a green and sustainable society with a continued stabile supply of energy.