Financial Highlights

The ambitious growth plan of AET has led to record high revenues and a solid pipeline.

During 2016, AET implemented a fourth project for ENGIE Cofely Services: Biolacq Energies in France. In addition to this, AET continued working on the power plant, Tilbury Green Power in Great Britain and also on the project of coal to biomass conversion on Bornholm, Denmark. Furthermore, three major contracts were signed during 2016: JG Pears (Newark, Great Britain), Akuo - CBN (Novillars, France) and PowerCrop Russi in Italy

 

Financial Highlights (EUR 1,000)

 

 

 

2012

2013

2014

2015

2016

Revenue

30,204

23,376

32,799 34,810 59,010

Gross Profit

3,288

2,495

4,445 9,190 13,875

Net profit

373

-487

1,010

4,175

7,795

Source: Management

 

 

AET’s turnover increased by 70% from 2015 to 2016. Due to a number of factors, including the company’s financial strength and ownership, AET maintains an AAA-rating. The growth is expected to continue in the years to come, and AET will pursue its growth strategy and employ more staff (currently app. 150).

 

Our company is credit worthy according to Bisnode's credit assessment system that is based on a number of decision rules. This credit rating is updated on a daily basis, and always shows the current rating and date.

AET is currently erecting the 125 MW Tilbury Green Power Plant in London.

The ENGIE Cofely cogeneration plant, BSVSG was delivered by AET in 2015.

LATEST COMMISSIONED PROJECTS
Zignago Power s.r.l.–successfully producing Green Energy in Italy
The 49 MW Zignago Biomass power plant in Italy, owned and managed by Zignago Power s.r.l., belonging to the Marzotto family empire, has since its installation in 2013 been running with a very high availability (98,8%). The plant utilises wood residues and agricultural waste such as straw, mischantus and maize. >Read more
Zignago Power s.r.l.–successfully producing Green Energy in Italy
www.aet-biomass.com
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  • Aalborg Energie Technik a/s
  • Alfred Nobels Vej 21 F
  • 9220 Aalborg East, Denmark
  • Tel +45 96 32 86 00
  • aet@aet-biomass.com