Energy BKW achieves significantly higher profit in 2024
BKW significantly increased its profit last year.
11.03.2025, 07:55
11.03.2025, 09:45
SDA
The higher profit comes as no surprise, as the Bern-based energy company had made high write-downs in the services business in the previous year. Profits in 2024 were also boosted by higher electricity prices, an increase in the trading business and positive developments on the financial markets.
BKW's total operating revenue increased by 3.8 percent to CHF 4.77 billion in the reporting year, as was reported in a press release on Tuesday. At the same time, operating profit (EBIT) rose sharply by 27 percent to CHF 789.9 million. And at the bottom line, net profit rose by a third to 647.5 million.
BKW thus clearly exceeded analysts' forecasts. On average, they had expected total operating revenue of CHF 4.60 billion, EBIT of CHF 774 million and a net profit of CHF 570 million. BKW itself had raised its EBIT target range to between CHF 700 million and CHF 800 million in August.
BKW intends to distribute more money to its shareholders, including the Canton of Berne as majority shareholder. The Board of Directors will propose to the Annual General Meeting that the dividend be increased by 30 centimes to CHF 3.70 per share.
Following exceptionally positive effects last year, BKW expects to return to its long-term growth path in 2025. As outlined at the Investor Day in November, a total of CHF 4 billion is to be invested in expanding the business by 2030 and operating profit is to increase to CHF 1 billion. EBIT in the range of CHF 650 and 750 million is expected in the current year.
BKW has also nominated two new faces for the Board of Directors. IT expert Linda de Winter and then former Fenaco CEO Martin Keller are to be elected to the Board in 2026.
