Investor Relations

Business principles

As a company, we are responsible for ensuring that we fulfil the ever-increasing number of statutory requirements and that our conduct meets the high expectations of all our stakeholders.

In keeping with our corporate philosophy, we will therefore continue to run our business with impeccable integrity– always, everywhere and regardless of what others may expect or demand. This is how we understand compliance: an unconditional commitment to legal compliance, integrity and ethics.

Axpo is integrating its business partners more and more in terms of sustainable company management. As a result, Axpo has introduced a codex calling for the compliance to business ethics, as well as minimum ecological and social standards. The codex is aligned with the principles of relevant international organisations. 

Key figures

Outstanding bonds

Shareholders

Key figures

Finance (Key figures, first half of 2016/17)

  2016/17 in m CHF 2015/16 in m CHF  
Revenues    
Revenues 2990 3045
     
EBIT     
Earnings before interest and tax (EBIT) 405 372
as % of revenues 13,5%  12,2% 
     
Profit for the period    
Profit for the period 424 350
as % of revenues 14,2%  11,5%
     
Cash flow and investments    
Cash flow  -47 135
Net investment in non-current assets (excl. loan receivables) -136 -462
     
Balance sheet    
Total assets 19022 20339
Equity incl. non-controlling interests 5074 6621
Equity ratio in % 26,7%  32,6% 
     
Employees (full-time equivalents)    
Number of employees at balance sheet date 4208 4273

Energy industry

  2015/2016 in m kWH  2014/15 in m kWh  Year-on-year change in %
Procurement      
Nuclear power plants 18346 21305 -14 
Hydro power plants 8347  9059 -8 
Conventional thermal power plants 6940  6187  +12 
New energies 1050  489  +115 
From third-party companies and trading 51005  44670 +14 
Gas  15373  18911 -19 
TOTAL  101061 100621  
       
Sale      
Electricity sales 84947 81160 +5 
Gas sales 15373 18911 -19
Losses/own use 224 230  -3 
Direct sales from other associates 517 320 +62 
TOTAL  101061  100621  

Shareholders

Shareholders

Axpo Holding AG

  in %  19.12.2014 in m CHF 
Canton of Zurich 18,342   67.9 
Utilities of Canton of Zurich 18,410  68.1 
Canton of Aargau 13,975  51.7 
AEW ENERGIE AG  14,026  51.9 
St. Gallisch-Appenzellische Kraftwerke AG  12,501  46.3 
Elektrizitätswerk des Kantons Thurgau AG  12,251   45.3 
Canton of Glarus 7,875  29.1 
Kanton Glarus  1,747  6.5 
Canton of Zug 0,873   3.2 
Total   100   370.0 

Outstanding bonds

Axpo Holding AG

Swiss domestic segment: 35% withholding tax on coupon payments. Documentation under Swiss law; listed on the SIX Swiss Exchange

            Ratings:
            CS: BBB+, stable
            UBS: BBB+, negative
            Vontobel: BBB, stable
            ZKB: A-, negative 

Currency       Coupon in %  Issued amount (in millions)  Outstanding amount (in millions)  Date of issue   Repayment date  Securities no. / ISIN 
CHF  2.625%  700  429.8   26.02.2010  26.02.2020  10967447 / CH0109674470 
CHF  1.750%  350  350  29.07.2016   29.05.2024   33014314 /
CH0330143147 
CHF  3.125%  300  300  26.02.2010  26.02.2025  10967448 / CH0109674488 

Kraftwerk Linth-Limmern AG

Swiss domestic segment: 35% withholding tax on coupon payments. Documentation under Swiss law; listed on the SIX Swiss Exchange

            Ratings:
            CS: BBB+, stable
            UBS: BBB+, negative
            Vontobel: BBB, stable
            ZKB: A-, negative 

Currency    Coupon in %  Issued amount (in millions)  Outstanding amount (in millions)  Date of issue  Repayment date   Securities no. / ISIN 
CHF     0.500%     170   170    09.09.2015     09.09.2021     29087649 / CH0290876496 
CHF  2.75%   200   200   10.03.2010   10.03.2022   11011857 / CH0110118574 
CHF  1.500%  170  170  06.06.2016   06.12.2022  32344011 / CH0319403702 
CHF  2.75%  200  200   10.06.2011   09.06.2023   13050130 / CH0130501304 
CHF  2.00%  245 245  10.03.2017  11.12.2023  35748316 / 
CH0357483160 
CHF  2.375%  130  130  10.12.2013   10.12.2026   22853143 / CH0228531437 
CHF  2.875%  125  125  30.06.2011   30.06.2031   13216343 / CH0132163434 
CHF  2.875%  150  150  27.03.2012   27.03.2042   18042853 / CH0180428531 
CHF  3%  160  160  02.04.2013   02.04.2048   20827154 / CH0208271541 
CHF  3%  200  200   27.09.2012   27.09.2052   19495896 / CH0194958960 

Kernkraftwerk Leibstadt AG

Swiss domestic segment: 35% withholding tax on coupon payments. Documentation under Swiss law; listed on the SIX Swiss Exchange

Annual Reports Kernkraftwerk Leibstadt AG

            Ratings:
            CS: BBB+, stable
            UBS: BBB+, negative
            Vontobel: BBB-, stable
            ZKB: A-, negative

Currency     Coupon in %   Issued amount (in millions)   Outstanding amount (in millions)   Date of issue   Repayment date   Securities no. / ISIN 
CHF  2.5%  150  200  31.03.2010  29.03.2019  11068071 / CH0110680714 
CHF  1.5%  200  200  16.12.2015  16.12.2022   30474921/
CH0304749218 

AKEB Aktiengesellschaft für Kernenergiebeteiligung Luzern

Swiss domestic segment: 35% withholding tax on coupon payments. Documentation under Swiss law; listed on the SIX Swiss Exchange

Annual Reports AKEB

            Ratings:
            CS: BBB+, stable
            Vontobel: BBB-, stable
            ZKB: A, negative

Currency  Coupon in %  Issued amount (in millions)  Outstanding amount (in millions)  Date of issue   Repayment date   Securities no. / ISIN 
CHF  1.625%  170   170   09.06.2016   09.06.2023   32344011/ CH0323440112 

ENAG (Energiefinanzierungs AG)

Swiss domestic segment: 35% withholding tax on coupon payments. Documentation under Swiss law; listed on the SIX Swiss Exchange

Annual Reports ENAG (Energiefinanzierungs AG)

            Ratings:
            CS: High BBB, stable
            Vontobel: BB+, stable
            ZKB: A, negative

Currency  Coupon in %  Issued amount (in millions)  Outstanding amount (in millions)  Date of issue  Repayment date  Securities no. / ISIN 
CHF  1%  100  100  14.06.2013  14.12.2018  21492582 / CH0214925825 
CHF  2.625%  200  180  31.01.2011   31.01.2023   12252660 / CH0122526608