The first half of the 2008/09 financial year (1/10/08 – 31/3/09) was marked by a difficult market environment for Axpo Holding AG. The Axpo Group’s company profit declined by 42% to CHF 218 million (previous year: CHF 376 million). Despite this decline in profit, however, Axpo continues to invest in the development of water power and new energies, as well as in supply security.

At the annual general meeting of Axpo Holding AG on 13 March 2009, Dr Ueli Betschart was elected as a new board member. He replaces Rolf Sägesser who has left the board.