Reported Earnings • 53m
First half 2026 earnings released: EPS: CHF3.82 (vs CHF3.54 in 1H 2025) First half 2026 results: EPS: CHF3.82 (up from CHF3.54 in 1H 2025). Revenue: CHF2.11b (flat on 1H 2025). Net income: CHF201.6m (up 8.0% from 1H 2025). Profit margin: 9.6% (in line with 1H 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • 19h
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (8.3% net profit margin). Buy Or Sell Opportunity • 19h
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CHF129. The fair value is estimated to be CHF164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last year. Earnings per share has declined by 43%. Duyuru • Apr 30
BKW AG to Report Fiscal Year 2026 Results on Mar 10, 2027 BKW AG announced that they will report fiscal year 2026 results on Mar 10, 2027 Upcoming Dividend • Apr 23
Upcoming dividend of CHF3.80 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 05 May 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.7%). Declared Dividend • Apr 04
Dividend increased to CHF3.80 Dividend of CHF3.80 is 2.7% higher than last year. Ex-date: 30th April 2026 Payment date: 5th May 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 04
BKW AG announces Annual dividend, payable on May 05, 2026 BKW AG announced Annual dividend of CHF 3.8000 per share payable on May 05, 2026, ex-date on April 30, 2026 and record date on May 04, 2026. Duyuru • Mar 26
BKW AG Announces Executive Changes BKW AG announced Philipp Hänggi hands over role as Executive Vice President - Energy Production to Margarita Aleksieva. After six years on the BKW Executive Committee, Philipp Hänggi has decided to scale back his involvement in the energy sector to strategic tasks and focus more on matters related to artificial intelligence. Margarita Aleksieva, who currently heads the Wind b Solar Business Unit, will take over his role as Executive Vice President - Energy Production and member of the BKW Executive Committee. Dr Philipp Hanggi joined BKW in 2014. As Head of the Nuclear Business Unit, he was responsible for preparing for and implementing the decommissioning of the Muhleberg Nuclear Power Plant. Since 2020, he has been in charge of the Energy Production Business Area as a member of the Executive Committee. In this role, Hanggi made a significant contribution to the strategic expansion of BKW's energy production in Switzerland and Europe. Hanggi is also closely involved in the design and use of artificial intelligence within BKW. After six years on the BKW Executive Committee, Philipp Hanggi has decided to reduce his responsibilities within the Group, both in terms of time and scope, to strategic issues, concentrating specifically on nuclear energy and radioactive waste disposal. On 1 April 2026, Margarita Aleksieva will take over responsibility for the Energy Production Business Area on the BKW Executive Committee. Aleksieva headed the Wind & Solar Business Unit at BKW for six years. In this role, she drove the expansion of BKW's European wind power generation and played a significant part in shaping the strategic and cultural transformation of the unit. Aleksieva is also a member of the Board of Directors of Kraftwerke Oberhasli AG and Chair of the Board of Directors of BelpmoosSolar AG. She is a member of the Board of Directors of the Swiss Investment Fund for Emerging Markets (SIFEM). Before joining BKW, Aleksieva held various management positions at international energy companies, including Swiss electricity company Alpiq. She was also a member of the management team of the global private infrastructure equity fund of the IST Investment Foundation. She holds an MBA from Purdue University (USA) and degrees in business administration and political science. Aleksieva, 43, has Swiss and Bulgarian citizenship and lives with her family in the cannon of Aargau. Duyuru • Mar 13
Bkw AG Reportedly Enters into Discussions to Acquire Majority Stake in Volterres BKW AG (SWX:BKW) has entered into discussions to acquire a majority stake in French green energy supplier Volterres from its parent company, solar developer Sun'R. The discussions concern the 65% shareholding held by Sun'R, which itself is a subsidiary of French construction and concessions company Eiffage. The financial terms of the contemplated transaction were not disclosed. Completion of the deal is subject to various legal and regulatory approvals and is expected to occur in the first semester of 2026, Eiffage said in a brief statement. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: CHF6.77 (vs CHF11.80 in FY 2024) Full year 2025 results: EPS: CHF6.77 (down from CHF11.80 in FY 2024). Revenue: CHF4.54b (down 2.2% from FY 2024). Net income: CHF356.8m (down 43% from FY 2024). Profit margin: 7.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Jan 24
BKW AG to Report First Half, 2026 Results on Aug 19, 2026 BKW AG announced that they will report first half, 2026 results on Aug 19, 2026 Buy Or Sell Opportunity • Jan 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to CHF176. The fair value is estimated to be CHF221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period. Duyuru • Sep 10
BKW AG (SWX:BKW) acquired Südvolt GmbH. BKW AG (SWX:BKW) acquired Südvolt GmbH on September 8, 2025. Caspar Graf Stauffenberg, Mathias Möhrpahl , Laura Schläger, Andreas Zetzsche of Carlsquare GmbH act as financial advisor for Südvolt GmbH
BKW AG (SWX:BKW) completed the acquisition of Südvolt GmbH on September 8, 2025. Reported Earnings • Aug 25
First half 2025 earnings released: EPS: CHF3.54 (vs CHF6.62 in 1H 2024) First half 2025 results: EPS: CHF3.54 (down from CHF6.62 in 1H 2024). Revenue: CHF2.14b (down 4.2% from 1H 2024). Net income: CHF186.6m (down 47% from 1H 2024). Profit margin: 8.7% (down from 16% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of CHF3.70 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.8%). Buy Or Sell Opportunity • Apr 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to CHF146. The fair value is estimated to be CHF184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are forecast to decline by 0.7% per annum over the same time period. Duyuru • Apr 04
BKW AG, Annual General Meeting, Apr 29, 2025 BKW AG, Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time. Duyuru • Apr 02
BKW AG to Report Fiscal Year 2025 Results on Mar 11, 2026 BKW AG announced that they will report fiscal year 2025 results on Mar 11, 2026 New Risk • Mar 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 13
Dividend increased to CHF3.70 Dividend of CHF3.70 is 8.8% higher than last year. Ex-date: 2nd May 2025 Payment date: 6th May 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 12
BKW AG announces Annual dividend, payable on May 06, 2025 BKW AG announced Annual dividend of CHF 3.7000 per share payable on May 06, 2025, ex-date on May 02, 2025 and record date on May 05, 2025. Duyuru • Feb 13
BKW AG to Report First Half, 2025 Results on Aug 21, 2025 BKW AG announced that they will report first half, 2025 results on Aug 21, 2025 Reported Earnings • Aug 23
First half 2024 earnings released: EPS: CHF6.62 (vs CHF6.19 in 1H 2023) First half 2024 results: EPS: CHF6.62 (up from CHF6.19 in 1H 2023). Revenue: CHF2.23b (flat on 1H 2023). Net income: CHF349.5m (up 7.0% from 1H 2023). Profit margin: 16% (up from 15% in 1H 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Martin A porta was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 17
Upcoming dividend of CHF3.40 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.9%). Buy Or Sell Opportunity • Mar 20
Now 22% overvalued Over the last 90 days, the stock has fallen 9.4% to CHF135. The fair value is estimated to be CHF111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period. Duyuru • Mar 20
BKW AG to Report Fiscal Year 2024 Results on Mar 11, 2025 BKW AG announced that they will report fiscal year 2024 results on Mar 11, 2025 Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: CHF9.06 (vs CHF10.43 in FY 2022) Full year 2023 results: EPS: CHF9.06 (down from CHF10.43 in FY 2022). Revenue: CHF4.60b (down 11% from FY 2022). Net income: CHF478.0m (down 13% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 07
First half 2023 earnings released: EPS: CHF6.19 (vs CHF1.11 in 1H 2022) First half 2023 results: EPS: CHF6.19 (up from CHF1.11 in 1H 2022). Revenue: CHF2.37b (up 5.7% from 1H 2022). Net income: CHF326.6m (up 456% from 1H 2022). Profit margin: 14% (up from 2.6% in 1H 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 10
Upcoming dividend of CHF4.05 per share at 1.8% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.8%). Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: CHF10.43 (vs CHF5.77 in FY 2021) Full year 2022 results: EPS: CHF10.43 (up from CHF5.77 in FY 2021). Revenue: CHF5.20b (up 50% from FY 2021). Net income: CHF550.2m (up 81% from FY 2021). Profit margin: 11% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Duyuru • Sep 30
BKW AG to Report First Half, 2023 Results on Sep 05, 2023 BKW AG announced that they will report first half, 2023 results on Sep 05, 2023 Reported Earnings • Sep 09
First half 2022 earnings released: EPS: CHF1.11 (vs CHF3.73 in 1H 2021) First half 2022 results: EPS: CHF1.11 (down from CHF3.73 in 1H 2021). Revenue: CHF2.26b (up 39% from 1H 2021). Net income: CHF58.7m (down 70% from 1H 2021). Profit margin: 2.6% (down from 12% in 1H 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Duyuru • Jun 14
BKW AG to Report Fiscal Year 2022 Results on Mar 14, 2023 BKW AG announced that they will report fiscal year 2022 results on Mar 14, 2023 Upcoming Dividend • May 11
Upcoming dividend of CHF2.60 per share Eligible shareholders must have bought the stock before 18 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (4.3%). Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Denk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Denk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 04
Upcoming dividend of CHF2.40 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 14 May 2021. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (3.7%). Is New 90 Day High Low • Feb 04
New 90-day high: CHF107 The company is up 11% from its price of CHF96.70 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF111 per share. Is New 90 Day High Low • Jan 06
New 90-day high: CHF103 The company is up 6.0% from its price of CHF96.97 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF111 per share.