Latest News
Difficult market environment and grid depreciation lead to lower net profit
Dietikon, 23. tammikuuta 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.
EGL exempted from certain disclosure obligations
Dietikon, 4. marraskuuta 2011
In view of the planned delisting of EGL AG, SIX Swiss Exchange has exempted the company from certain disclosure obligations.
EGL Nordic expands into the Baltic region
Oslo, 6. lokakuuta 2011
EGL Nordic is expanding its trading and origination business into the Baltic region. The company has opened a branch in Estonia and with this step, EGL Nordic will develop the Estonian and Lithuanian electricity markets.
Andreas Rudolf leaves EGL
Dietikon, 22. syyskuuta 2011
Andreas Rudolf has decided to pursue new professional challenges and will step down from his position as CFO and Head Finance & Operations, effective at the end of December 2011. Succession of Andreas Rudolf’s operational responsibilities will be defined in the course of Axpo’s project to adapt its group structure.
EGL sells shares in NorGer project
Dietikon, 26. elokuuta 2011
EGL no longer sees the prerequisites for a long-term, commercially attractive participation in the NorGer sea cable project between Norway and Germany as given. Therefore EGL has sold its 16.67-percent interest to the majority shareholder, the Norwegian transmission grid operator, Statnett.
EGL delivers first LNG cargo to Greece
Athens/Dietikon, 11. elokuuta 2011
For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece's LNG terminal, located on the island of Revithoussa, west of Athens. EGL's first LNG delivery to the Greek natural gas market is a further step in expanding gas activities in South East Europe.
Swiss energy suppliers invest in wind power
Dietikon, 5. heinäkuuta 2011
Today, the five Swiss energy suppliers AET, EKS, EKZ, ewl and SN Energie, as well as the energy trader EGL founded the investment company, Terravent AG. The purpose of the company is to invest in wind farms in Europe. For the participating companies, the partnership offers more efficiency in project evaluations and better chances in the acquisition of plants.
Axpo Holding AG’s public tender offer
Dietikon, 27. kesäkuuta 2011
Axpo Holding AG, which already holds 91 percent of EGL shares, is making a public tender offer to takeover the rest of the EGL AG bearer shares at a price of CHF 850 per share. This corresponds to a premium of 20.8 percent as compared to the volume-weighted average share price over the last 60 trading days before publication of the advanced notification on 20 June 2011.
Improved net profit, lower gross margin
Dietikon, 20. kesäkuuta 2011
The EGL Group increased its net profit to CHF 47.7 million (+24%) in the first half-year 2010/11 as compared to the prior-year period. The main reasons are the cost reduction programme as well as the improved financial result. By contrast, the EGL Group achieved a significantly lower gross margin of CHF 252.2 million (-40%).
Online Half-Year Report 2010/11
Dietikon, 20. kesäkuuta 2011
