Semi-annual report

Overview

OVERVIEW OF THE FIRST HALF OF 2018

1,05

CHF billion

Total operating revenue 1st half-year 2018
9

CHF million

Operating income (EBIT) 1st half-year 2018

The most important events of the first half of 2018

  • In the first half of 2018 Repower Group generated total operating revenue of CHF 1,053 million (up 16% on the first half of 2017).
  • Operating income (EBIT) was CHF 9 million. Earnings came in at practically the same level as in the prior-year period.
  • The Market Switzerland and Market Italy segments both posted positive operating earnings.
  • The organisational realignment has enabled Repower to continue execution of its strategy according to plan. In the first six months Repower scored successes in its core business, in contracts for third parties, and in new services.
  • The annual general meeting held on 16 May 2018 elected Dr Monika Krüsi as the new chair of the board of directors.
  • The company also made good progress in electric transportation in both Switzerland and in Italy. Many new partnerships are facilitating the expansion of the public PLUG’N ROLL network in Switzerland, and the introduction of a highly advanced remote control system for electric vehicle charging stations – a revolution in this sector – is creating a stir in Italy.

FINANCIAL HIGHLIGHTS

 

1st half-year 2018

1st half-year 2017

1st half-year 2016

1st half-year 2015

1st half-year 2014

 

Swiss GAAP FER

Swiss GAAP FER

IFRS

IFRS

IFRS

CHF million

 

 

 

 

 

 

 

 

 

 

 

Revenue and income

 

 

 

 

 

Total operating revenue

1,053

905

881

922

1,196

Income before interest, taxes, depreciation and amortisation (EBITDA)

32

42

51

29

57

Depreciation and value adjustments

–23

–22

–5

–63

–25

Income before interest and taxes (EBIT)

9

20

45

–34

32

Group result

0

1

18

–108

4

 

 

 

 

 

 

Balance sheet

 

 

 

 

 

Balance sheet total at 30 June

1,771

1,822

1,792

1,780

2,014

Equity at 30 June

768

769

620

631

793

Equity ratio

43%

42%

35%

35%

39%

 

 

 

 

 

 

Further key figures

 

 

 

 

 

Energy gross margin

104

109

113

93

125

Economic value added

–15

–6

8

–60

–15

Operating cash flow

15

22

44

11

46

Net debt

–38

–37

233

253

308

Debt factor

–0.6

–0.4

2,4

4

2,6

FFO / Net debt

< 0%

< 0%

23,0%

7,3%

17,8%

CAPEX*

12

11

9

9

11

Headcount (FTE)

575

569

627

671

700

* Includes investments in tangible assets, intangible assets and associates, and loans for investment purposes

STOCK STATISTICS

Share capital

7,390,968

registered shares

at CHF

1.00

CHF 7.4 million

 

 

 

 

 

 

Prices (CHF) 1

 

1st half-year 2018

1st half-year 2017

Registered share

 

 

High

73

63

 

 

 

Low

66

55

1 Source: OTC-X, Berner Kantonalbank

Dividend (CHF)

2017

2016

2015

2014

2013

 

 

 

 

 

 

Registered share

0.00

0.00

0.00

0.00

2.00

REPOWERʼS SHAREHOLDER STRUCTURE

HEADCOUNT

at 30 June

2018

2017

 

 

 

Switzerland

432

428

Italy

162

161

Total

594

589

 

 

 

Trainees

30

30

Sales consultants Italy

600

606