Ec Power A/S

Beskrivelse af virksomhedens væsentligste aktiviteter

Business review
The Company's activities comprise development, production and sale of micro combined heat and power technology and business related to these activites.

Beskrivelse af usikkerhed ved indregning eller måling

Recognition and measurement uncertainties
The recognition and measurement of items in the annual report is not associated with any uncertainty.

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen

Unusual matters
The group's financial position at 31 December 2024 and the results of its operations and cash flows for the financial year ended 31 December 2024 are not affected by any unusual matters.

Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold

Financial review
The group's income statement for the year ended 31 December 2024 shows a loss of kr. 9.578.796, and the balance sheet at 31 December 2024 shows equity of kr. 89.632.734.
The market in 2024 has been characterized by major political discussions about how to make the heat supply CO2 neutral and how quickly it could be done. Especially in the important German market, the outgoing government's policies have continued to create a significant slowdown in the heating market. The policies led to widespread postponements of decisions regarding the purchase of our systems. At the same time, the war in Ukraine has resulted in political stigmatization of private gas consumption to ensure sufficient gas supply for the industry.
Following the announcement of the election, we have heard a majority expressing support for a return to a more pragmatic and business-oriented approach to heat supply regulations. Additionally, in other countries, we have observed a more positive view on green gases as part of the solution.
The uncertainties have made it difficult to reach sales targets, which has negatively affected the operating result.
As the prospects for market normalization remain distant, the Group initiated and implemented adjustments to its organization and activities in the autumn of 2024.
Based on the above, profit for the year 2024 is assessed as satisfactory.
Capital resources
The Company has healthy, organic, and self-financing growth and adjusts its activities according to earnings. Furthermore, the Company has good liquidity, a relatively large equity base, and solid inventories, which support its capital resources.
Strategy
It is the Company's strategy to have controlled growth in both new markets and new products. The Company's strategy is to be market leader in the power range 3-80 kWe based on the European and North American market.

Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning

Significant events occurring after the end of the financial year
No events have occurred after the balance sheet date which could significantly affect the the group's financial position.

Beskrivelse af virksomhedens forventede udvikling

Targets and expectations for the year ahead
A positive result is expected for 2025.