Most recent annual report 2020

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.

DKK 7,7

billion in revenue

DKK 10,8

billion net profit for the year


employees average

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.

Previous annual reports