FairWind Annual Report 2022
Force Bidco A/S, Vejle, 19 April 2023
As of April 19, 2023, the 2022 Annual Report for Force Bidco A/S (FairWind) has been submitted to the Danish Business Authority and the Danish Financial Supervisory Authority.
The Annual report was approved at the General Assembly as of April 14th, 2023.
John Funch, CEO: “As I reflect on the past year, we at FairWind look back on a record breaking 2022, where our operational model once again stood its test of resilience in a challenged market. This year, it was a market that was highly affected by the war in Ukraine, while the surge of inflation has put a strain on the cost structure within value chain and supply chain disruptions in the wake of the Covid-19 pandemic have caused significant project delays and cost overruns. This has created challenges for our business, which we managed to mitigate with a highly satisfactory outcome. And as market analysis indicates that our market declined with 7.4%, while FairWind still managed to increase both revenue and EBITDA, we must say that we proved ourselves in tough times. With 1b DKK in revenue in 2022 and EBITDA of 7,8%, we are well withing the expectations set for 2022 in the 2021 annual report.
I am humbled and grateful for the dedication, resilience, and teamwork displayed by our employees across the FairWind Group during the year. Their hard work and commitment have been the pillars for us to provide high-quality services to our customers, even in the face of unprecedented circumstances.”
Attached to this release is the FairWind Annual Report 2022 (pdf).
For further information:
Jacob W. Smedegaard, Head of Strategic PMO & Marketing
jws@fairwind.com | +45 2484 7247
About FairWind
FairWind A/S is a leading global provider of one-stop solutions for the installation and service of onshore and offshore wind turbines throughout the world. FairWind has worked in more than 40 countries and cooperates with over 1,500 technicians to manage customers’ projects globally.
You can read more about FairWind on www.fairwind.com
