Brief: Romande Energie Holding FY EBIT Up 122% At CHF 100 Mln

Romande Energie Holding SA

23/04/2024 06:05

April 23 (Reuters) - Romande Energie Holding SA
 REHN.S :
    * FY REVENUES RISING BY 24% TO CHF 928 MILLION
    * END-FY CASH FROM OPERATIONS OF CHF 136 MILLION (CHF 166
MILLION
IN 2022)
    * FY NET PROFIT OF CHF 215 MILLION, INCLUDING A INCREASE IN
PROFIT
FROM ALPIQ AND EOS TOTALLING CHF 141 MILLION
    * ROMANDE ENERGIE HOLDING-FY OPERATING PROFIT (EBIT) OF CHF
100
MILLION UP 122%
    * UNCHANGED ORDINARY DIVIDEND OF CHF 1.44 PER SHARE
    * NEGATIVE IMPACT ON THE GROUP’S EBIT IS ESTIMATED AT CHF 4
MILLION IN 2024
    * FINANCIAL RESTATEMENT INCREASED OPENING BALANCE OF EQUITY
AS AT
1 JAN 2022 BY CHF 31 MILLION BUT  NO IMPACT ON 2022 RESULTS
    * RESTATED NET PROFIT FOR THE 2022 FINANCIAL YEAR IS CHF 41
MILLION (CHF 54 MILLION REPORTED FOR THE PERIOD)
    * FORECASTS A DECREASE IN 2024 FINANCIAL RESULTS FROM THE
EXCEPTIONALLY HIGH LEVEL ACHIEVED IN 2023
    * INVESTMENTS IN GENERATION FACILITIES AND GRID
INFRASTRUCTURE
WILL EARN HIGHER RETURNS IN 2024

Further company coverage:  REHN.S 

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