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At a glance

The Axpo Group is Switzerland’s leading energy utility. With its subsidiaries Axpo AG (formerly Nordostschweizerische Kraftwerke AG, NOK), Centralschweizerische Kraftwerke AG (CKW) and EGL AG (EGL). Axpo combines strong local roots with an international outlook.

Axpo's aim is to guarantee a reliable supply of electricity produced from environmentally friendly sources at competitive prices. To this end, it is involved in all phases of the value-added chain: electricity generation and transmission, power distribution and trading. The Axpo mix of nuclear power, hydropower and new energies not only makes economic sense, but also is practically carbon-neutral and therefore climate-friendly.

Axpo has more than 4000 employees and, together with its partners, provides electricity to around three million people in Switzerland. Axpo has its registered office in Baden and is wholly owned by the cantons of northeastern Switzerland.

Main Key Figures, Axpo Group
 
2010/11
2009/10
Change
Balance sheet total in CHF million
17 742
17 728
+ 0.1%
Revenues in CHF million
6 354
6 269
+ 1,4%
EBIT in CHF million
139
538
- 74,2%
EBIT as % of revenues
2,2
8,6
 
Net profit in CHF million
45
409
- 89,0%
Free cash flow
92
65
+ 41,5%
Equity in CHF million
7 600
8 164
- 6,9%
Equity ratio (in %)
42,8
46,1
 
Net investments in CHF million
770
620
+ 24,2%
Average number of employees (full-time equivalents)
 4 415
4 386
+ 0,7%

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Media news

Profit falls significantly– Axpo restructures to improve performance and is planning investments of more than CHF 20 billion to ensure security of supply

January 23, 2012

Axpo Group profits are down substantially for the 2010/11 financial year (as per 30.9.2011). Operating profit (EBIT) of CHF 139 million and consolidated net profit of CHF 45 million were significantly below the figures for the previous year of CHF 538 million and CHF 409 million respectively.

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Axpo to forgo uranium from Mayak until the necessary transparency is established

November 12, 2011

Axpo has negotiated with its supplier Areva to enable the exclusion of uranium from the Mayak plant until the necessary transparency is established.

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Axpo is adapting its strategy and Group structures to reduce costs and exploit its earnings potential

September 14, 2011

Axpo is responding to the changed European energy market environment and new regulatory and statutory framework conditions in Switzerland by revising its strategy and adapting its Group structures.

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