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Preliminary 2014 annual results for BKW Inc.
BKW posts convincingly strong results
Bern (ots) - The BKW Group has posted very good results for the 2014 financial year. Both operating profit and net profit rose significantly. BKW is particularly pleased about its strong operating profit. This shows that systematic implementation of the strategy is bearing fruit.
BKW posted impressive operating profit (EBIT) of around CHF 350 million for the 2014 financial year. This equates to an increase of 10 per cent. The previous year's figure, which was adjusted for impairments on production facilities, amounted to CHF 317 million. In a continued difficult environment for the sector, this result is well above expectations. Various factors contributed to the good operating profit. In particular, BKW implemented a number of effective measures to enhance efficiency and reduce costs. BKW also successfully managed its energy position and achieved significant growth in the area of energy and infrastructure services.
BKW has seen an even sharper rise in its net profit. It expects bottom-line profit of around CHF 290 million for the 2014 financial year. This is considerably higher than the adjusted prior-year figure of CHF 166 million. This increase can be attributed to a number of one-off effects. The outstanding performance of securities in the state funds for decommissioning and disposal was a significant contributory factor.
The pleasing 2014 results underscore the effectiveness of systematic implementation of the BKW Group's strategic positioning.
This is a provisional estimate contingent on further findings in the course of finalising the year-end statements and from the audit by external auditors. Detailed information on the 2014 financial year will be presented along with the BKW Group's Annual and Financial Report as announced at the Annual Press Conference on 19 March 2015.
--- The statements contained in this press release constitute expectations and forward-looking statements. Because these statements are subject to risks and uncertainties, actual future results may differ from those expressed or implied by the expectations and statements. This media release is issued in German, French, English and Italian. The German version is authoritative.
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