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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Total operating income reached CHF 4.5 billion in 2025, with EBIT and net profit declining year-over-year due to market normalization and lower hydro production. Investments focused on renewables, infrastructure, and international growth, while guidance for 2026 targets EBIT of CHF 600–700 million.
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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 grew 3.8% to CHF 4.77 billion in 2024, with EBIT up 27.3% and net profit at CHF 647 million, driven by strong hydropower output and all segments contributing positively. Outlook for 2025 anticipates EBIT of CHF 650–750 million amid market normalization and continued investment in renewables and infrastructure.
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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.