Added to YB: 2026-09-07
Pitch date: 2026-09-03
BKW.SW [neutral]
BKW AG
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
BKW AG, an energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.
Market Cap
CHF 6.6B
Pitch Price
N/A
Price Target
N/A
Dividend
3.03%
EV/EBITDA
9.98
P/E
17.78
EV/Sales
1.93
Sector
Electric Utilities
Category
turnaround
BKW (BKW Switzerland): Weak hydropower raises the hurdle for a H2 earnings recovery
BKW.SW (earnings): BKW enters H2 with a demanding earnings requirement after weak hydropower and subdued trading held H1 EBIT to CHF263.7m, leading management to target the lower end of its original CHF650-750m full-year range. Energy Solutions must improve despite continued drought, while H1 benefited from an unusually strong STENFO contribution that may not recur. Better trading, ancillary services and hydro normalization are needed to close the gap.
Read full article (2 min)