BKW reports second-best result in company history
BKW AG reports total revenue of just under CHF 4.6 billion and a net profit of CHF 432 million for the 2023 financial year. The Bern-based energy supplier has thus achieved the second-best result in its history. The energy business in particular contributed to this.
BKW AG generated sales totalling almost CHF 4.60 billion in the 2023 financial year. Compared to “the extraordinary previous year with the fundamental upheavals on the energy markets”, revenue was 12 per cent lower, the Bern-based energy supplier reported in a press release. Compared to 2021, however, sales growth of 29 per cent was achieved.
At CHF 620 million, the operating result at EBIT level was 40 per cent lower than in the previous year and 57 per cent higher than in 2021. Net operating profit amounted to CHF 432 million, which is 40 per cent less than in 2022 but 76 per cent more than in 2021. Overall, BKW thus achieved the second-best result in its history after the extraordinary previous year.
The Energy business area in particular contributed to the positive developments. Here a contribution to EBIT of CHF 535 million was realised. At CHF 147 million, the Grids business division “once again made a solid contribution” to the result, according to the press release. The Group invests more than CHF 120 million annually in a secure and modern network infrastructure.
In the services business, sales increased by 4 per cent year-on-year to CHF 1.84 billion. However, the contribution to the operating result remained “clearly below expectations” with a loss of CHF 40 million, writes BKW. This is due to one-off effects such as project value adjustments and impairments. For the current year, the Group anticipates an improved earnings situation in the services business.