Wednesday, March 22, 2023

BKW makes a leap in profits

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Because of electricity prices

BKW makes a leap in profits

According to its own statements, the energy group BKW can look back on a successful year 2022. The company announced that the sharp rise in electricity prices and the sometimes extreme upheavals on the energy markets had a positive impact on the result.

BKW expects an operating profit (EBIT) in the region of CHF 1 billion for 2022, which would more than double the previous year’s CHF 395 million. In September, the company had announced an EBIT in the range of 460 to 500 million. In addition, the medium-term goal is an EBIT of around CHF 800 million, which is also exceeded.

The massive upheavals on the energy markets were major challenges, but also led to opportunities in managing the energy position of its own power plants, the company wrote in the past financial year. With the purpose of securing one’s own energy positions, the strong price fluctuations were optimally used in management.

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