The environmental company Envidan has delivered an excellent result in the 2020/2021 financial year despite covid-19.
This is shown in the company’s recently published annual accounts, which show an overall increase in turnover of almost 20% in all three main markets in Denmark, Norway and Sweden, while the bottom line has been significantly strengthened. This means that Envidan feels well equipped for a changing future.
“So far, we have gotten through the pandemic very well, and that is thanks to our employees,” says Morten Fjerbæk, CEO of Envidan, who is very proud of how all employees have kept their spirits and productivity up during a period of working from home and canceled social events. “The commitment of individuals is directly reflected in the results for the year, and I think it is important to recognize that.”
Envidan is ready for more
Covid-19 is not the only parameter that has put Envidan’s employees to the test in the past financial year. In December 2020, the European private equity fund Waterland acquired a majority stake in Envidan, entering the company with an ambitious growth plan and a desire to make Envidan a strong European player in solutions for the entire water cycle.
Kaspar Kristiansen elaborates:
“The vast majority of engineering consultancies grow large by broadening the range of solutions across several engineering disciplines, such as infrastructure, bridge building, schools and public institutions etc. This is not the strategy for Envidan, where our ambition is to create a leading environmental company focusing on services within the water cycle. However, it requires two things: 1. That employees can identify with our mission and 2. to make the necessary acquisitions that will contribute to the growth of Envidan. And we’ve already come a long way in our first year as owners, so it bodes well for the years to come.”
So far, Envidan and Waterland seem to be succeeding in their mission. In connection with the sale, a number of employees were given the opportunity to become shareholders in the company, and many of them are now co-shareholders in Envidan, which shows that they are positive about the strategy. This, combined with the fact that Envidan completed the acquisition of Swedish VA Ingenjörerna at the end of the financial year, means that Morten Fjerbæk is very optimistic about the future.
For further information
Morten Fjerbæk, CEO of Envidan at
or +45 40461718
Kaspar Kristiansen, Managing Director of Waterland at
or +45 21182244