European Energy has come out of Q3 with an EBITDA of EUR 19.2m and profit before tax of EUR 9.8m. This is an increase compared to Q3 2021. Where Q3 2021 had an EBITDA of EUR 5.5m and profit before tax of EUR 9.6m. For the first nine months of 2022, the company has an EBITDA of EUR 96.2m and profit before tax of EUR 67.8m.
At the end of the third quarter of 2022 European Energy had 1.4 GW of new green energy projects under construction across nine countries. European Energy has for the past years actively sought to expand its presence across different markets. Today, the company is developing projects in 26 countries. In Italy the group has received environmental approval for more than 330 MW. Additionally, European Energy has received planning permission for more than 180 MW in the UK. The development pipeline in Q3 2022 is at 25 GW compared to 19 GW in Q3 2021. The headcount for the company has grown to 500 employees in Q3 2022 compared to 297 in Q3 2021. The company’s financial guidance for 2022 remains unchanged at an EBITDA of EUR 135m and profit before tax of EUR 100m.