PRESS RELEASES IR POLICY LOGIN ENGLISH ABOUT US GENERATORS TRADING CAREER CONTACT Press Release Annual Accounts 2014 - Record year, but with room for improvement By Rasmus Buhl Møller , Head of Corporate Communications 18 May 2015 Neas Energy increased turnover in 2014 by 92.9% to DKK 11.174 billion, with operating profit of DKK 113.5 million. Extremely satisfying increases in new customers and trading activities on a total of 18 electricity and gas markets in Europe resulted in more than double energy turnover at 30,848 GWh. “2014 was a breakthrough year for Neas Energy. The effects of the changes we started back in 2012 focusing on our activities based on a core business model for the management of physical energy assets truly came into effect in 2014. We have gained more customers especially within wind energy in Germany, and bigger CHP plants in Denmark, and we experienced a major rise in our trading activities on physical markets for electricity and gas in Europe, resulting in record progress in 2014”, says CEO, Bo Lynge Rydahl. Core business generates results Although energy prices continued to fall in 2014 and became dependent on weather-based energy production to a greater degree, flexibility was vital to ensure customers value from their energy production and profitable energy trading. Neas Energy implemented full-scale 24/7 electricity and gas trading, adding a further 5 electricity and gas markets in Europe during the year. “Once again, we made considerable investments in development of software and trading services to guarantee the best platform possible to provide our customers with maximum flexibility and security. As such, it is highly satisfying to see that it was our core business that delivered the strongest results in 2014, and that we can see growing demand outside the borders of Denmark, which made Germany our biggest market for the management of wind and solar power – a segment in which we expect considerable international growth. On the downside, a disappointing result for our subsidiary Neas Capital Management plus a number of recruitments and investments brought expedited to ensure growth left their mark. Nevertheless, 2014 was undoubtedly the best year for Neas Energy ever”, explains Lynge Rydahl. Investment from Via Venture Partners and ATP create the foundation for growth Neas Energy’s capital has been significantly reinforced by the announcement of investment in the company by Via Venture Partners and ATP, expected to be approved by the authorities and implemented by the end of Q2 2015. According to Bo Lynge Rydahl, the investment will create a strong foundation for further international growth, and the company’s CEO expects Neas Energy to maintain the rate of customer growth and win more market share on its main markets of Scandinavia, Germany and the UK in 2015, expected to result in top and bottom line growth. New accounting policies New accounting policies were implemented in the 2014 accounts to comply with changes in the Danish Financial Statements Act and to make important steps towards compliance with IFRS standards. The cash flow statement will remain unchanged, but financial highlights will be affected by the switch to the new principles. Neas Energy’s Annual Report contains details of the new principles under “Accounting Policies” along with details of highlights according to the new and previous policies under “Financial Highlights”. Read the Annual Report 2014 here Contact For further information, please contact: Rasmus Buhl Møller Head of Corporate Comm. P: +45 99 39 58 04 rbm@neasenergy.com Downloads Download or view materials from Neas Energy. Annual Report 2014 Neas Energy is an independent international energy asset management company with activities in power, gas and related commodity markets throughout Europe. Linkedin Flickr Google+ Twitter Skelagervej 1 - 9000 Aalborg - Denmark - VAT no 20293195