Semi-annual report

Overview

Overview of the first half of 2017

905

CHF million

Total operating revenue 1st half-year 2017
20

CHF million

Operating income (EBIT) 1st half-year 2017

The most important events of the first half of 2017

  • In the first half of 2017, Repower Group generated total operating revenues of CHF 905 million (up 3% on the first half of 2016).
  • Operating income (EBIT) was CHF 20 million, 55 per cent lower than in the prior-year period. The business in Italy made a particularly notable contribution to these results. The group posted a net profit of CHF 1 million.
  • The first half of 2017 was dominated by successful efforts to continue implementing the companyʼs strategy. This included expanding the sales and service component of the business by increasingly delivering contracts for third parties and services for large customers and trading partners.
  • An important new partner, Elektrizitätswerke des Kantons Zürich (EKZ), joined the production investment company Repartner Produktions AG. EKZ holds a 6 per cent interest.
  • To maintain the high quality of services to end-consumers, Repower bundled its basic supply and grid use business in a single organisational unit.

Financial highlights

 

1st half-year 2017

1st half-year 2016

1st half-year 2015

1st half-year 2014

CHF million

 

 

 

 

Revenue and income

 

 

 

 

Total operating revenue

905

881

922

1,196

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

43

51

29

57

Depreciation/amortisation, impairment and reversal of impairment

–22

–5

–63

–25

Income before interest and taxes (EBIT)

20

45

–34

32

Group result

1

18

–108

4

 

 

 

 

 

Balance sheet

 

 

 

 

Balance sheet total at 30 June

1,681

1,792

1,780

2,014

Equity at 30 June

794

620

631

793

Equity ratio

47%

35%

35%

39%

 

 

 

 

 

Further key figures

 

 

 

 

Energy gross margin

109

113

93

125

Economic value added

–8

8

–60

–15

Operating cash flow

19

44

11

46

Net debt

–11

233

253

308

Debt factor

-0,1

2,4

4

2,6

FFO / Net debt

–313%

23,0%

7,3%

17,8%

CAPEX*

11

9

9

11

Headcount (FTE)

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 2017

1st half-year 2017 2

Registered share

 

 

High

63

48

 

 

 

Low

55

40

1 Source: OTC-X, Berner Kantonalbank

2 Information is for the period from 24 May to 30 June 2016, in other words from the date the registered shares were introduced until the end of the half-year period.

Dividend (CHF)

2016

2015

2014

2013

 

 

 

 

 

Registered share

0,00

0,00

0,00

2,00

Repowerʼs shareholder structure

Headcount

at 30 June

2017

2016

 

 

 

Switzerland

428

439

Italy

161

155

Romania

-

31

Czech Republic

-

2

Total

589

627

 

 

 

Trainees

30

30

Sales consultants Italy

606

583