REPOWER SEES OPERATING INCOME ALMOST DOUBLE
The year 2019 was shaped by negative price developments and a high level of volatility on the electricity markets. Repower defied these conditions, and thanks to the right strategy was able to post excellent results in asset management and trading. In 2019 Repower Italy recorded the highest operating income (EBIT) in its history. At 65.2 million francs, Repower Group EBIT was almost double the previous year’s.
Financial highlights
| unity | 2019 FER |
2018 FER |
2017 FER |
2016 FER b.e |
2016 FER |
2016 b.e. |
2016 | 2015 b.e. |
2015 | |
| Total operating revenue | MCHF | 1,937 | 2,090 | 1,847 | 1,724 | 1,724 | 1,740 | 1,740 | 1,890 | 1,890 |
| Balance sheet total | MCHF | 1,876 | 1,873 | 1,822 | 1,701 | 1,701 | 1,705 | 1,705 | 1,828 | 1,828 |
| Equity ratio | % | 45 | 43 | 42 | 43 | 45 | 33 | |||
| Energy gross margin | MCHF | 264 | 223 | 208 | 196 | 194 | 196 | 195 | 185 | 178 |
| EBITDA | MCHF | 117 | 82 | 79 | 75 | 52 | 75 | 52 | 59 | 41 |
| EBIT | MCHF | 65 | 35 | 34 | 30 | 22 | 30 | 22 | 12 | -69 |
| Income | MCHF | 50 | 16 | 20 | 7 | -1 | -5 | -13 | -47 | -136 |
| Economic Value Added | MCHF | -1 | -20 | -18 | -29 | -35 | -112 | |||
| Operating cash flow | MCHF | 126 | 55 | 43 | 78 | 69 | 17 | |||
| Net debt | MCHF | -29 | 45 | -2 | -9 | 41 | 270 | |||
| Net debt to EBITDA | -0,3 | 0,5 | 0.0 | -0.1 | 0.5 | 4.5 | ||||
| FFO / Net debt | % | < 0 | 134 | < 0 | < 0 | 55 | 4.1 | |||
| CAPEX1 | MCHF | 41 | 35 | 32 | 33 | 24 | 24 | |||
| Headcount | FTE | 539 | 591 | 578 | 563 | 563 | 632 |
b.e. = before exceptional
1) Includes investment in tangible assets, intangible assets and associates, and investment-type loans.
