Dietikon, Friday, January 25, 2008
The 51st General Meeting of Shareholders of Elektrizitäts-Gesellschaft Laufenburg AG (EGL) approved the financial statements for the 2006/07 financial year that ended on 30 September 2007 and the pay-out of a dividend of CHF 18 per share.
At the 51st General Meeting of Shareholders in Baden, EGL’s Executive Management was able to present the best ever net profit in the company’s history to the 188 shareholders present (91% of the votes). This was up 82% year-on-year, reaching CHF 449.4 million.
The shift from traditional physical electricity sales to energy derivatives trading continued in the 2006/07 financial year. Physical energy sales fell slightly by 2% to 76 TWh and consolidated net sales fell by 8% to CHF 5,890.4 million. The gross margin increased by 26% to CHF 551.1 million.
EGL’s shareholders approved the 2006/07 financial statements and an unchanged dividend of CHF 18. Rolf W. Mathis, member of the Board of Directors, didn't run for office anymore. All other members of the Board of Directors, which counts seven members now, were re-elected for an additional three-year term of office.
Further information
Media:
Lilly Frei, Head of Corporate Communication,
Tel. +41 44 749 40 10
lilly.frei@egl.eu
Investors:
Dominik Anderhalden, Head of Investor Relations,
Tel. +41 44 749 46 15
dominik.anderhalden@egl.eu
EGL no change in dividend
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