Company Overview of Axpo Holding AG
Axpo Holding AG, an energy company, produces, distributes, and sells electricity in Switzerland and Europe. It operates through three segments: Asset, Trading & Sales, and CKW. The company operates hydraulic power, nuclear power, gas-fired combined-cycle power, and renewable energy power plants, as well as wind farms. It also trades oil, coal, and biomass, as well as CO2 certificates and green certificates for energy. In addition, the company engages in the procurement, import, transport and storage, wholesale, and sale of natural gas. Further, it provides electricity-related products and services; and grids and telecommunication services comprising concepts and preliminary studies, planning...
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Key Executives for Axpo Holding AG
Chief Executive Officer and Member of Executive Board
Chief Financial Officer and Member of Executive Board
Member of Executive Board and Chief Executive Officer of Centralschweizerische Kraftwerke Ag
Head of Assets and Member of Executive Board
Head of Corporate Risk Management
Compensation as of Fiscal Year 2015.
Axpo Holding AG Key Developments
Axpo Holding AG Reports Consolidated Earnings Results for the First Half of Fiscal Year 2015
Jun 15 15
Axpo Holding AG reported consolidated earnings results for the first half of fiscal year 2015. For the period, the company’s revenues were CHF 3,073 million and an operating profit of CHF 518 million in the first half of the 2014 and 2015 financial year. Revenues were 13.9% lower than the previous year, which is attributable primarily to lower prices on the electricity market. The company also reported a decline in its first-half operating profit compared with the same period in 2013 and 2014 (CHF 545 million). At CHF 429 million, the profit for the period was down by 14.5% compared with the previous year of CHF 502 million.
Axpo Holding AG Appoints New Divisional Heads for Hydro Energy and New Energies
Jun 11 15
Axpo Holding AG appointed Jorg Huwyler and Christoph Sutter as the two new heads of production divisions, hydro energy and new energies respectively. Sutter, Head of Asset Development, will take over management of the New Energies division from Bettina Charriere. Huwyler has been appointed the Head of the Hydro Energy division, and succeeds Rolf Mathis, who, at his own request, has decided to pass on management of the division and continue working at Axpo as a senior manager for corporate projects.
Axpo Holding AG Announces Earnings Results for the Year Ended September 30, 2014
Dec 19 14
Axpo Holding AG announced earnings results for the year ended September 30, 2014. For the year, the company announced that its business operations returned a profit adjusted for exceptional (EBIT) of CHF 479 million and an operating cash flow of CHF 765 million in the 2013/14 financial year compared to CHF 876 million for the same period a year ago. Group revenues dropped by CHF 0.3 billion to CHF 6.7 billion in the reporting year compared to CHF 7.0 billion for the same period a year ago. Loss before interest and tax (EBIT) was CHF 871 million compared to EBIT of CHF 364 million for the same period a year ago. Loss for the period was CHF 730 million compared profit to for the period of CHF 212 million for the same period a year ago. Negative free cash flow was CHF 14 million compared to free cash flow of CHF 134 million for the same period a year ago.
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