Strategy presented for increasing operating result by 2030
BKW wants to increase its earnings before interest and taxes from the current CHF 620 million to CHF 1 billion by 2030. To achieve this, the Bern-based energy supplier plans to invest CHF 4 billion, at least half of it in Switzerland. The investments are to be financed from free cash flow.
BKW presented its Solutions 2030 strategy on 8 November. According to a press release, this strategy aims to increase the operating result before interest and taxes to CHF 1 billion by 2030. according to the annual report, the operating result in 2023 was CHF 620.3 billion.
The operating result for the Energy Solutions division is set to rise to CHF 650 million. in 2023 it was 534.6 million. The result for the Grids division is expected to be CHF 150 million in 2030 (2023: CHF 146.7 million). The strongest growth is targeted in the area of infrastructure and building solutions. in 2023, the result should be CHF 200 million, with a loss of CHF 40 million in 2023. General planning in infrastructure and building construction as well as building technology solutions are to be expanded and profitability steadily increased.
The Bern-based energy supplier plans to invest CHF 4 billion to achieve this, at least half of it in Switzerland. The investments are to be financed from free cash flow, which is expected to total over CHF 5 billion during this period.
“With the comprehensive further development of the strategy, BKW is supporting its customers even more strongly in the transformation of the energy system with forward-looking solutions”, BKW Chairman of the Board of Directors Roger Baillod is quoted as saying in the press release. CEO Robert Itschner emphasises the breadth of the targeted growth: “All of BKW’s business areas will contribute to achieving these goals. BKW is investing in its strong Swiss base and growing in other European countries in a targeted manner.”
BKW aims to reduce its net greenhouse gas emissions to zero by 2040.