2004

Decisive progress in key markets / Improved operating result

Laufenburg/Dietikon,  Tuesday, December 14, 2004

In the financial year 2003/04, the international energy trading group EGL achieved a net profit of CHF 204.2 million, at the level of the previous year. It therefore surpassed its own expectations. After an extraordinarily strong start, the operational business weakened in the second half of the year. Nevertheless, as at 30 September 2004, EGL had raised its energy volumes sold (+72.9%), net sales (+46.8%) and the operating result EBIT (+6%). For the current financial year 2004/05, EGL anticipates a stable development and results at the levels of the previous year.

EGL Group makes investment in Norwegian Wind Power Developer

Dietikon,  Tuesday, October 12, 2004

EGL has signed an agreement to acquire a 35% stake in the Norwegian Wind Power Developer Norsk Miljøkraft AS (NMK). Through this acquisition, EGL gains proprietary access to further develop some of the most attractive and developed wind power sites in Europe and subsequently to green energy and green certificates.

EGL posts considerably better than expected half-year results

Laufenburg/Dietikon,  Wednesday, June 2, 2004

The results for the first half of EGL's current business year (2003/2004) were well above expectations. The volume of physical energy sold (+13%), net sales (+55%) and operating result after income tax (+56%) all rose strongly. The Group's new gas operations similarly reported dynamic growth and new subsidiaries in Norway, Hungary and Romania commenced operations.

EGL Management Change

Laufenburg/Dietikon,  Thursday, May 27, 2004

Hugo Rothenbühler, Member of the Executive Board and Head of Market & Development, has resigned from his functions.