2010
Online Annual Report 2009/10
Dietikon, domingo 23 de enero de 2011
Unsatisfactory net profit – Measures introduced
Dietikon, jueves 16 de diciembre de 2010
The EGL Group achieved a net profit of CHF 25.3 million in the 2009/10 financial year, significantly lower than the previous year (CHF 186.7 million). The reasons for this are a lower gross margin due to the difficult market environment, the drop in the value of the euro against the Swiss franc, outage at the Bugey nuclear power plant, as well as exit costs in connection with the Energy Plus power plant project. Positive performance in the fourth quarter meant that the company was able to avoid the forecasted negative results. A stronger focus on strategy implementation and cost-cutting measures will ensure sustainable profitability.
EGL expects a negative net profit
Dietikon, miércoles 28 de julio de 2010
The EGL Group expects a negative net profit in the lower 2-digit million range for the current financial year 2009/10. Causes can be attributed to the further serious weakening of the euro exchange rate, significant effects on costs, as well as under proportional margin development for the trading business in the 3rd quarter of the current financial year 2009/10, mainly stemming from the trading hub for Central and Central Eastern Europe in Dietikon.
Financial close confirms E.ON Ruhrgas as new partner in TAP
Baar, miércoles 7 de julio de 2010
Statoil and EGL today announced the successful financial close of E.ON Ruhrgas’s 15% shareholding in the Trans Adriatic Pipeline (TAP) project.
EGL participates in wind park in Spain
Dietikon, martes 29 de junio de 2010
The EGL Group, a pan-European asset-backed energy trading company, has purchased 46% of Parque Eólico La Peñuca SL, owner of the wind park La Peñuca with 33 MW installed capacity. This acquisition underscores EGL’s strategy to increase the share of renewable energies in its portfolio. In Spain, EGL manages a portfolio of renewable energies with more than 6,500 MW installed capacity via its subsidiary EGL Energía Iberia SL. EGL has in depth knowledge of the Spanish wind energy market, as 71% of the managed portfolio corresponds to wind parks. The developer and operator of the wind park, Energías Renovables del Bierzo (ERBI) owns 51% of La Peñuca.
