Three-figure million profit in HOFOR

Date: 12/04/2016

Denmark’s largest utility, HOFOR has just published a profit of 335 million DKK. This despite large investments and almost unchanged prices.

The recently published accounts of HOFOR, the Copenhagen utility company, shows a turnover of more than five billion DKK and profits of 335 million DKK. The surplus will be included in the prices that HOFOR will charge the following year, since the group may not earn money on their primary activities such as water, sewage and district heating.

HOFOR has many new projects in the pipeline. More than 300 climate adaptation projects were adopted in Copenhagen municipality in autumn 2015 and the projects will be realized over the next twenty years. And despite the large investments in climate protection and a secure and climate-friendly supply, the prices have been kept steady. The district heating price in Copenhagen is in 2016 at the same level as 2015.

“We will deliver supply solutions that are both green, safe and cheap. Therefore, we constantly focus on working smarter and streamline our operations so that we, despite large investments, can keep the reasonable prices for customers”, says Jan Kauffmann, director of economics and business.