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Denmark

Denmark

Micon records loss

A loss of DKK 22 million for the first six months of the 1996/97 financial year for Micon A/S was reported to the Copenhagen stock exchange last month by the wind firm's majority shareholder, Schouw & Co, a publicly traded company. At the same time Schouw reported it had increased its share of Micon to 71.9% and that the wind company expected to break even in the latter half of the year. Orders for 1997 were also looking good, according to Schouw. A fierce price battle among wind companies selling to the home market was the explanation given for the loss, along with contracting markets in India and Germany.

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