News

BKW Raises Outlook for 2023

1 Mins read

Shares in BKW saw an increase on Tuesday as the company adjusted its outlook for 2023 following a robust first-half performance.

At 0843 GMT, shares were up 2.6% at CHF155.20, experiencing an earlier rise of over 4% during the session.

The German energy and infrastructure company now predicts earnings before interest and taxes to range between CHF600 million and CHF650 million ($678.5 million and $735 million), surpassing the previous forecast of CHF550 million and CHF600 million.

BKW reported a significant surge in net profit for the first half, reaching CHF326.6 million compared to CHF58.7 million in the same period last year. Revenue also grew by 6% to CHF2.40 billion, with all three business sectors – energy, grid, and services – demonstrating growth. The company’s EBIT jumped to CHF424.5 million from CHF329.6 million.

Based on historical data, Baader Helvea analyst Andreas von Arx anticipates that the second-half EBIT will amount to slightly above 50% of the full-year outcome. This projection suggests a potential result of approximately CHF850 million for this year.

Baader Helvea raised concerns about potential regulations in the utilities sector due to the substantial profits generated in Switzerland. It remains uncertain whether BKW can sustain this level of profitability over the long term.

Related posts
News

Bri-Chem Announces 2025 First Quarter Financial Results

5 Mins read
Edmonton, Alberta–(Newsfile Corp. – May 15, 2025) – Bri-Chem Corp. (TSX: BRY) (“Bri-Chem” or “Company”), a leading North American oilfield chemical distribution…
News

Institutional investors juggle bitcoin ETF holdings, US filings show

2 Mins read
Hedge funds trim bitcoin ETF positionsTrending NowBest Forex Trading Robots To Invest In 2022 * State of Wisconsin exits bitcoin; Brown University…
News

PumpSwap Launched Revenue Sharing Aimed at Incentivizing Creators - Tekedia

2 Mins read
PumpSwap, the decentralized exchange developed by Solana-based meme coin launchpad Pump.Fun, launched a revenue-sharing model on May 12, 2025, distributing 50% of…

Leave a Reply

Your email address will not be published. Required fields are marked *

74 − 65 =