The Group still profitable and successfully established in the European markets
Matteo Ballarin: “It is the ninth consecutive year that we yield net profit and our presence in foreign markets keeps growing. We are extremely satisfied about the positive results we obtained – because these positive results have been achieved despite the general difficult trend that the market is currently encountering”
Europe Energy has yielded net profit for the ninth consecutive year, establishing itself as one of the most active player in the Italian and European energy market.
In 2016, the Group’s trading activities have successfully achieved the objective of having a logistic and geographical presence in more than 20 countries around Europe. In fact, our trading desk has made us extremely proud trading more than 10 TWh of electricity. The startup of gas trading activities has been particularly successful, with more than 4 TWh of natural gas traded.
2016 has also seen the Group having a bigger institutional presence, resulting in the CEO Matteo Ballarin becoming Council Member of the European Energy Exchange and the Hungarian Power Exchange (he is also already a member of the Assolombarda Energy Committee). Moreover, the fiscal year that just concluded marks the first complete year of activities towards end users.