Switzerland's BKW H1 net profit rises, driven by nuclear decommissioning fund performance

BKW AG

08/09/2026 19:11

Overview
Switzerland energy and infrastructure operator's H1 2026 operating income fell 3.1% yr/yr
H1 net profit rose 7% yr/yr, driven by nuclear decommissioning fund performance
Company expects 2026 EBIT at lower end of target range due to challenging conditions

Outlook
BKW expects 2026 EBIT at the lower end of CHF 650 mln to CHF 750 mln target range
Company anticipates stronger H2 for Infrastructure & Buildings and Energy Solutions segments
Power Grid segment is likely to remain stable in the second half of 2026

Result Drivers
ENVIRONMENTAL FACTORS - Co said low water levels and weak winds reduced electricity production in H1
MARKET DISRUPTIONS - Co said Energy Solutions segment was temporarily impacted by market disruptions linked to the situation in the Middle East
HEDGING BENEFIT - Electricity volumes for 2026 had been hedged at high futures market prices, supporting Energy Solutions segment
DECOMMISSIONING FUND GAINS – Strong performance by Mühleberg's decommissioning and waste-disposal funds lifted net profit 7.0% to CHF 217.6 mln

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Profit
 
CHF 217.60 mln
 
H1 Total Operating Income 
 
CHF 2.18 bln
 

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Press Release https://www.bkw.ch/en/about-us/news/media/press-releases/bkw-posts-stable-half-year-performance
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)