Growth thanks to renewables and strong trading
The Axpo Group was extremely resilient in financial year 2019/20 (1 Oct. 2019 to 30 Sept. 2020) and achieved a strong result despite the challenges that arose owing to the COVID-19 pandemic. Performance in the customer and trading business was exceptional. The intelligent networking of products, trading and the customer business proved effective even in a very demanding environment.
We are also on a growth path with renewable energies: As the largest Swiss producer of renewable energies, Axpo marketed a portfolio of 16 600 megawatts of solar and wind power in financial year 2019/20.
"Axpo is the Swiss energy company that invests the most in renewable energies."Christoph Brand, CEO Axpo
"Axpo is on a strong operative growth path with a free cash flow of CHF 319 million."Christoph Brand, CEO Axpo
"Axpo wants to play a leading role in Switzerland's transition to a CO2-free energy future."Christoph Brand, CEO Axpo
Total in CHF million
Adjusted EBIT in CHF million
Operating cash flow