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Annual reports

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.

Read the annual report

DKK 6,9

billion in revenue

DKK 9,8

billion net profit for the year




"Andel is in a strong position for taking responsibility for the digital and green transition in Denmark"

Jesper Hjulmand, CEO - Andel

Mor Og Soen Med Computer
Good corporate governance

Corporate governance

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.

Soen Paa Skuldre Af Far


CSR – it’s about making a difference

More 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.