Financial highlights
FINANCIAL HIGHLIGHTS
|
CHF million |
2020 |
2019 |
2018 |
2017 |
2016 |
|
|
Swiss GAAP FER |
Swiss GAAP FER |
Swiss GAAP FER |
Swiss GAAP FER |
Swiss GAAP FER |
|
|
|
|
|
|
|
|
Revenue and income |
|
|
|
|
|
|
Total operating revenue |
1,723 |
1,937 |
2,090 |
1,847 |
1,724 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
129 |
117 |
82 |
79 |
52 |
|
Depreciation/amortisation and impairment |
–52 |
–52 |
–47 |
–45 |
–30 |
|
Earnings before interest and taxes (EBIT) |
77 |
65 |
35 |
34 |
22 |
|
Group earnings |
41 |
50 |
16 |
20 |
–1 |
|
|
|
|
|
|
|
|
Balance sheet |
|
|
|
|
|
|
Balance sheet total at 31 December |
1,982 |
1,876 |
1,873 |
1,822 |
1,701 |
|
Equity at 31 December |
869 |
844 |
807 |
769 |
737 |
|
Equity ratio |
44% |
45% |
43% |
42% |
43% |
|
|
|
|
|
|
|
|
Other KPIs |
|
|
|
|
|
|
Energy gross margin |
273 |
264 |
223 |
208 |
194 |
|
Economic value added |
5 |
–1 |
–20 |
–18 |
–29 |
|
Funds from Operations (FFO) |
161 |
103 |
60 |
72 |
55 |
|
Cash flow from operating activities |
159 |
126 |
55 |
43 |
78 |
|
Net debt / net liquidity *) |
–89 |
–31 |
42 |
–33 |
–11 |
|
Net debt factor |
–0.7 |
-0.3 |
0.5 |
–0.4 |
–0.2 |
|
FFO/net debt |
<0% |
<0% |
143% |
<0% |
<0% |
|
Investment in tangible and intangible assets |
52 |
41 |
32 |
27 |
29 |
|
Number of employees |
580 |
555 |
610 |
599 |
583 |
* Net liquidity is shown with a negative sign and, like net debt, is now calculated on the basis of cash and cash equivalents, marketable securities, fixed-term deposits, and current and non-current financial liabilities, including accrued interests.
Financial highlights
CHF million
ENERGY BALANCE SHEET
|
|
2020 |
2019 |
Change |
|
|
|
|
|
|
Electricity business in GWh |
|
|
|
|
Trading |
12,450 |
12,979 |
–4% |
|
Supply/sales |
4,281 |
4,577 |
–6% |
|
Pumps, own use, losses |
296 |
326 |
–9% |
|
Electricity sales |
17,027 |
17,882 |
–5% |
|
|
|
|
|
|
Trading |
14,076 |
14,437 |
–3% |
|
Own generation |
1,871 |
2,226 |
–16% |
|
Energy from participations |
1,080 |
1,219 |
–11% |
|
Electricity procurement |
17,027 |
17,882 |
–5% |
|
|
|
|
|
|
Gas business in 1,000 m3 |
|
|
|
|
Sales to end customers |
284,241 |
324,073 |
–12% |
|
Trading (sales) |
1,409,287 |
3,201,280 |
–56% |
|
Gas sales |
1,693,528 |
3,525,353 |
–52% |
|
Consumption of Teverola gas-fired power plant (Italy) |
231,870 |
250,681 |
–8% |
POWER GENERATION STATISTICS
|
|
2020 |
2019 |
Change in % |
|
|
|
|
|
|
Energy procurement in GWh |
|
|
|
|
|
|
|
|
|
Own production hydroelectric power Switzerland *) |
471 |
719 |
–34% |
|
Own production hydroelectric power Italy |
6 |
5 |
15% |
|
Own production heat power Italy |
1,162 |
1,282 |
–9% |
|
Own production wind power Germany |
56 |
49 |
13% |
|
Own production wind power Italy |
145 |
154 |
–6% |
|
Own production photovoltaic power Switzerland |
0.3 |
0.2 |
14% |
|
Own production photovoltaic power Italy |
31 |
17 |
80% |
|
Total own production |
1,871 |
2,226 |
–16% |
|
|
|
|
|
|
Participation nuclear |
216 |
333 |
–35% |
|
Participation hydroelectric |
864 |
886 |
–2% |
|
Total participations and procurement rights |
1,080 |
1,219 |
–11% |
|
|
|
|
|
|
Total |
2,951 |
3,445 |
–14% |
* The production of the Prättigauer power plants is recorded for the first time in 2020 as participation energy (Repartner Produktions AG).
Grid statistics
|
|
2020 |
2019 |
2018 |
2017 |
|
|
|
|
|
|
|
Number of contract partners |
47,873 |
48,180 |
47,800 |
47,406 |
|
Directly supplied end customers |
63,140 |
62,860 |
62,520 |
62,075 |
|
Grid sales (GWh) |
742 |
738 |
736 |
763 |
|
Total overhead line (km) |
519 |
474 |
493 |
504 |
|
Total cable line (km) |
2,460 |
2,440 |
2,419 |
2,370 |
|
Total grid length (km) |
2,979 |
2,914 |
2,912 |
2,874 |
|
Supplied light points of public lighting |
8,750 |
8,800 |
|
|
|
Number of photovoltaic plants installed |
1,060 |
859 |
726 |
622 |
|
Installed power of photovoltaic plants (MW) |
27 |
24 |
20.2 |
18.2 |
|
Availability of the Repower grid (%) |
99.997 |
99.997 |
|
|
|
Investments in grid infrastructure (CHF) |
27 Mio. |
20.9 Mio. |
19.5 Mio. |
15.8 Mio. |
STOCK STATISTICS
|
Share capital |
7,390,968 |
registered shares |
@ CHF |
1.00 |
CHF 7.4 million |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
Prices (CHF) on OTC-X, Berner Kantonalbank |
|
|
|
|
|
|
Registered share |
|
|
High |
104 |
104 |
|
|
|
|
Low |
82 |
72 |
|
Dividends (CHF) |
2020 1) |
2019 |
2018 |
2017 |
|
|
|
|
|
|
|
Registered share |
3.00 |
2.50 |
0.50 |
0.00 |
1) The 2020 dividend is subject to the decision of the annual general meeting. There are no restrictions or limitations on voting rights.
Shareholder structure at close of accounts on 31 December
in percent
Employees
|
at 31 December |
2020 |
2019 |
|
|
|
|
|
Total |
580 |
555 |
|
Switzerland |
396 |
388 |
|
Italy |
184 |
167 |
|
|
|
|
|
Trainees |
30 |
30 |
|
Sales consultants Italy |
532 |
510 |