Switzerland · Delayed Price · Currency is CHF BKW AG Earnings Call Transcripts
Fiscal Year 2026
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A CHF 110 million impairment on the Wilhelmshaven Coal Power Plant led to a revised 2025 EBIT guidance of CHF 540–560 million, with 2026 guidance at CHF 650–750 million. Strategic focus shifts to H2-ready gas power in Germany, supporting ambitious sustainability targets.
Fiscal Year 2025
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Solid 2025 results with CHF 4.5 billion in operating income, despite lower hydro production and market normalization. EBIT guidance for 2026 is CHF 600–700 million, with continued investment in renewables and infrastructure.
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Operating income and net profit declined due to energy market normalization and lower hydro output, but infrastructure and building segments improved profitability. Investments in renewables and grid expansion continue, with a positive outlook for H2 and EBIT guidance reaffirmed at CHF 650–750 million.
Fiscal Year 2024
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Revenue and profit rose sharply in 2024, driven by strong hydropower output, higher hedged prices, and robust performance across all segments. Investments in renewables, grid, and infrastructure remain high, with 2025 EBIT guidance set at CHF 650–750 million.
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BKW Solutions 2030 sets a course for profitable growth, targeting CHF 1 billion EBIT by 2030 through major investments in energy, grid, and infrastructure, while embedding sustainability and digitalization. The strategy emphasizes expanding renewables, grid modernization, and tailored customer solutions across core European markets.
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Revenue declined 2.8% to CHF 2.33 billion, but EBIT rose 3.2% to CHF 438.3 million, driven by strong energy management and trading. Net profit reached CHF 362.5 million, and full-year EBIT guidance was raised to CHF 700–800 million.