Repower is an international energy company based in Switzerland. It operates along the entire electricity value chain, from generation, trading and distribution to sales. In Italy, Repower is also involved in the gas business. The group employs around 580 people.
1st half-year 2016 (as at 30 June 2016)
Repower’s results for the first six months of 2016 were better than the prior-year period, thanks in particular to impairment gains on power plants in Italy and Switzerland and the release of part of the group’s provisions for long-term agreements. Total operating revenues for the first half came to CHF 881 million (down 4% on the first half of 2015). EBIT after exceptional items came to CHF 45 million, and net profit amounted to CHF 18 million. A change in shareholder structure announced at the end of June had a particularly dominant influence on developments in the first half, with Elektrizitätswerke des Kantons Zürich (EKZ) and UBS-CEIS joining Canton of Graubünden and Axpo as anchor shareholders as part of an increase in capital.
2015 financial year (as at 31 December 2015)
In 2015 Repower posted total operating revenue of around CHF 1.9 billion. EBIT came to CHF -69 million (before exceptional items: CHF 12 million). The Group recorded a net loss of CHF 136 million (loss before exceptional items: CHF 47 million). The balance sheet total was CHF 1.8 billion, while equity came to CHF 600 million.