We strive to ensure the accuracy of these translations, but we cannot guarantee they are 100% accurate as technical terms and idioms are not easily translated. By using this service, I acknowledge that there may be misunderstandings due to this inaccuracy. If you have any questions or need assistance, please feel free to contact us.
A profit of DKK 29.5 million and a strong focus on carbon capture and recycling. ARGO's annual results for 2024 show financial strength hand in hand with green momentum.
After a crucial year of targeted preparation for corporatization and competitive tendering of residual waste treatment, ARGO's annual results for 2024 now present a solid financial profit of DKK 29.5 million and a significantly increased focus on recycling and CO2 reduction.
This puts ARGO in a strong position in the new waste market - with stable operations and ambitious climate goals.
- With the corporatization, we have equipped ARGO for the future with a focus on stable operations and green development. Now we are stronger than ever - ready to deliver efficient solutions that drive the green transition and create value for our owner municipalities," says Tomas Breddam, Chairman of the Board of ARGO.
- "Our performance in 2024 has only succeeded thanks to the strong support of our owners, partners and staff. Their trust and commitment have been crucial for us to be so well equipped in the new reality," adds Trine Lindegaard Holmberg, CEO of ARGO.
In 2024, ARGO utilized just over 351,000 tonnes of residual waste for energy - corresponding to heat for approximately 56,000 households and electricity for approximately 81,000 households. At the same time, the company has continued to work on the possibility of establishing a carbon capture plant at the Energy Tower in Roskilde. A solution that has the potential to capture up to 350,000 tonnes of CO₂ per year.
ARGO is now among the ten companies that the Danish Energy Agency has pre-qualified for the next phase in the assessment of support from the state's carbon capture pool. The Danish Energy Agency does not expect to make a final decision on support until April 2026, but ARGO's work to clarify opportunities and business models will continue in 2025.
With the opening of seven new Direct Reuse tents in 2024, ARGO has made it even easier for citizens and businesses to pass things on to each other. In total, almost 60,000 items changed hands in the tents, while ARGO's three second-hand shops sold almost 392,000 items. These efforts have saved the climate a total of approximately 5,772 tonnes of CO₂, corresponding to the annual carbon footprint of approximately 444 Danes.
At the same time, more than 1.56 million visitors visited the company's 14 recycling centres. 2024 will be a new record year for the number of visitors.
After a solid 2024, ARGO has also made good progress in the new waste market in 2025. By winning tenders for residual waste treatment in 16 municipalities - including all nine owner municipalities - ARGO has secured a strong position in the new competitive waste market - and a solid confirmation of the company's role as a reliable and competitive player in the green transition.
- We are proud of the overall result of the tenders. It shows that we are able to match both economy and quality, and that our open and transparent approach to the tender process is appreciated. The fact that we continue the collaboration with our owner municipalities and at the same time attract new partners is the best possible result, says Trine Lindegaard Holmberg, CEO of ARGO.
The residual waste treatment agreements apply to approximately 644,000 citizens and come into force on July 1, 2025.