Latest News
EGL Wind Farm Goes Online
Dietikon, Friday, April 13, 2012
The Winbis wind farm project has reached another milestone: The first 5 of 22 wind turbines have shortly begun feeding electricity into the Italian grid. As of this summer, the wind farm will be running at full capacity and will supply around 22,000 households with environmentally friendly electricity.
EGL shares to be delisted
Dietikon, Monday, March 5, 2012
The shares of EGL AG will be delisted from the Swiss stock exchange on 9 March 2012. As a result, SIX Swiss Exchange has extended the exemption from listing rules obligations to 9 March 2012. In doing so, EGL AG remains exempt from certain disclosure obligations until delisting.
EGL shares declared invalid – Axpo now sole owner
Dietikon, Monday, February 27, 2012
The Axpo takeover of EGL is final: On 16 February, the Commercial Court of the Canton of Aargau declared the EGL shares (0.2%) still on the market as invalid. The verdict is expected to go into force tomorrow. Axpo is thereby the sole shareholder of EGL.
E-world 2012: EGL presents customer business with structured products
Essen/Dietikon, Monday, February 6, 2012
More and more industrial companies, electricity suppliers, power plant operators and project developers are hedging against volatile electricity and gas prices. This is made possible by tailored products and solutions, such as those that EGL will present at E-world in Essen from 7 to 9 February. As a pioneer in the development of structured products (origination), the pan-European energy trader EGL is now one of the leading independent companies in this sector.
Difficult market environment and grid depreciation lead to lower net profit
Dietikon, Monday, January 23, 2012
The EGL Group contracted a lower gross margin of CHF 502.1 million (-23%) over the previous year. The main reasons for the decrease were the significantly lower trading result and the weak euro. Net profit also declined over the previous year to CHF 22.2 million (-12%). This was impacted in particular by a write-off of receivables from the grid operator Swissgrid. However, expansion of the customer business with structured products and innovative services (origination) has developed positively.
South Hook Gas and EGL sign UK gas agreement
Dietikon/London, Friday, May 27, 2011
South Hook Gas and EGL have signed a new framework agreement for access to spare LNG import capacity. This agreement will increase the amount of liquefied natural gas (LNG) that may be delivered into the United Kingdom, helping to meet the country’s energy needs and follows on from a similar deal signed by South Hook Gas last month with ConocoPhillips.
EGL and Demirören establish two joint ventures in Turkey
Dietikon/Ankara, Monday, April 25, 2011
The EGL Group and the Demirören Group have established two joint ventures in Turkey. The objective of the two reorganised companies is to expand presence in the Turkish electricity and natural gas markets. The two energy sectors offer highly attractive development opportunities.
EGL signs memorandum of understanding with Botas
Dietikon/Ankara, Monday, April 25, 2011
EGL signed a memorandum of understanding in Ankara with Botas, a Turkish state-owned enterprise with activities in the area of oil and natural gas transport, as well as gas trading. Among other things, the agreement sets down the framework conditions for the planned transport of natural gas through Turkey to Europe, as well as additional areas of cooperation.
Restructuring of Energy Trading in Dietikon
Dietikon, Friday, March 25, 2011
EGL is restructuring energy trading in Dietikon in order to adapt to changing market conditions in Central Europe. This will lead to the reduction of another nine staff positions. The other trading hubs in Europe are not affected by the reorganisation.
Unchanged dividends approved at the Annual General Meeting of Shareholders
Dietikon / Baden, Monday, January 24, 2011
EGL AG shareholders approved the financial statement 2009/10 and voted in favour of a CHF 18.00 per share dividend at the 54th General Meeting. Two board members, Benedikt Weibel and Hansueli Sallenbach, did not run for re-election; all other board members were confirmed for a new term.
