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Power supply – small profit for energy company Repower News

Wednesday, August 23rd, 2017 | Economy

The report period was characterized by the implementation of the company strategy and the introduction of new services. The EBIT forecast for the full year is increased. Total revenues rose by 2.7% to CHF 905 million, as reported by the B√ľndner company on Wednesday. On the other hand, operating profit shrank to EBIT of 20 million from 45 million in the prior-year period. The bottom line was a profit of 1 million after 18 million
"Taking into account the persistently challenging conditions and the ongoing refocusing of the Repower business model, the half-year result can be described as satisfactory in 2017," CEO Kurt Bobst is quoted in the announcement.
The semester was marked by further development and preparation for the market introduction of innovative systems and services for efficient energy use and grid management. In Switzerland, a smart power solution has been developed, which has been tested with pilot customers and is expected to become market-ready in the coming months, as the company writes.
In addition, tools for the efficient management of infrastructure facilities and a new trade portal for large customers were developed. In Italy, services are provided for the detection of malfunctions in electrical equipment, for the economical use of energy, for conversion to LED lighting and for the implementation of energy audits. The offer in the field of electromobility would meet growing interest in both Switzerland and Italy.
Repower expects margins in the electricity business to remain under pressure despite the slight easing of the euro / franc exchange rate over recent weeks. The earnings forecast is being corrected and an operating result (EBIT) for the entire fiscal year 2017 is now expected in the framework of the present half-year financial statements. In April, a value of 2015 was still expected when operating profit before special effects amounted to CHF 12 million.
(AWP)

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