Annual Report 2021

Annual report 2021

09 Mar 2022

Highlights from the BWSC Annual Report 2021:

Profit before tax of DKKm 129
Net result for 2021 amounted to DKKm 92 (2020: a loss of DKKm 229)
Revenue in 2021 amounted to DKKm 1,245 (2020: DKKm 1,814).
Order intake for 2021 amounted to DKKm 899 (2020: DKKm 1,206).
Equity ratio for 2021 equaled 55% (2020: 41%).
The order backlog at the end of 2021 amounted to DKKm 6,325 (2020: DKKm 6,031).

“2021 has been a year of great change for our employees and for BWSC. In November 2020 we adopted a new business strategy that shifted our focus from supplying turnkey power plants to providing comprehensive advisory and technical services to power plants and green energy facilities worldwide. Much of 2021 involved implementing the new strategy, and I am pleased to announce that doing so has paid off in our first positive financial result in 5 years.”
NIKOLAJ HOLMER NISSEN, CEO, BWSC

Strong results validate new strategy in 2021

BWSC has in 2021 made a significant profit before tax of DKKm 129 based on revenue of DKKm 1,245. While one-time financial events such as sale of the ACT business and divestment in three UK power plants contributed to the positive result. The strategy is also succeeding as intended, with continued strong results in the Service and O&M business areas.

Read the BWSC Annual Report 2021 here.