A recent Enovos Group report on the closing of the fiscal year 2015 has revealed a net profit of €80.6 million for the energy company, against €26.5 million in 2014.

EBITDA (earnings before interest, taxes, depreciation and amortisation) was up 9.5% to €232.4 million compared to €212.2 million in 2014 - a record since the Group was created.

The Group claimed that affiliated companies have been able to adapty to a difficult environment of rapidly changing technology and that the result was achieve through competitive offers, innovative products and services, the competence and commitment of its staff and control of optimised costs.

Enovos Group is reportedly continuing to invest, having invested in total €221.4 million, of which €143.4 million was in networks in the Grand Duchy and €19 million in German ones. Creos Luxembourg also encountered a historical moment in 2015 with the interconnection of Belgian and Luxembourg gas markets - a first in Europe.

The group has also continued to invest in renewable energy and business growth, with 2015 representing a key moment in its transition to a service provider. The company launched new products in the areas of energy efficiency, distributed generation and ecomobility, available at the company's enoshop.

The staff meanwhile grew by 50 people, from 1,425 employees at the end of 2014 to 1,475 a year later.

 

Photo by Enovos