Revenue at technology company Windar Photonics has increased 85% to €2.2m last year from €1.2m in 2016.
The Danish outfit, which develops lidar wind sensors for use on turbines, registered a 2017 gross profit of €0.9m, up from €0.6m in 2016.
Windar chief executive Jorgen Korsgaard Jensen said: “Even though not fully reflected in our annual results, 2017 saw a record order intake level which, if delivered within one year, would have exceeded our financial break-even point.
“I am very pleased with the significant order backlog carried into 2018.”
Image: Windar Photonics
Windar detects upswing
By EBS