Strong result in the first year of trading
We did our first trade in January 2021 and ended up with a revenue of 4,1 Bn EUR by the end of the year. This large revenue is explained by our fast expansion of trading activities all over Europe and an increase in commodity prices.
After the year 2020 where we invested heavily into the change of business from software into commodity trading, we increased our Profit from 71k EUR to 11.6 Mio EUR.
Our focus on lean processes and effective execution lead to a strong EBIT to Gross Profit Ratio of 81%.
And the journey has just begun...
Even though 2021 was the year where we build up the Gas and Power trading desk and started small initially, we generated an outstanding result of 11,6 Mio EUR. This gives us a solid financial base for further growth.
Nitor Energy A/S
8000 Aarhus C
+45 8863 8794
© Nitor Energy A/S 2022