Ad hoc announcements

Ad hoc announcement 20.09.2024

Axpo further diversifies financing with sustainability-linked Samurai loan

Axpo Holding AG has secured financing totalling JPY 42 billion (around CHF 250 million) through a so-called ‘Samurai loan’ with a syndicate of more than 20 banks in Japan and Samurai investors. The facility, which includes a sustainability component, diversifies the company’s financing structure and increases its financial flexibility.

Ad hoc announcement 29.05.2024

Axpo strategy continues to deliver results

In the first six months of the 2023/24 financial year (1 October 2023 to 31 March 2024), the Axpo Group further strengthened its position as an international energy leader by continuing to successfully implement its three-pillar corporate strategy. As Switzerland’s largest producer of electricity, Axpo made a significant contribution to a secure energy supply system, advancing the energy transition by building renewables while successfully growing its customer business with energy trading solutions.

Ad hoc announcement 21.02.2024

Axpo refinances credit lines with EUR 7.0 billion sustainability-linked facility

Axpo Holding AG has agreed an unsecured revolving committed credit facility totalling EUR 7.0 billion with an international syndicate of more than 30 banks. The facility, which includes a sustainability component, refinances two existing committed credit lines of EUR 3.0 billion each from 2022, diversifies the company’s financing structure, and increases its financial flexibility.

Ad hoc announcement 19.01.2024

Axpo Holding AG General Meeting – Shareholders forego a dividend

At today’s General Meeting of Axpo Holding AG the shareholders approved all of the Board of Directors' proposals. The shareholders forego a dividend. Samuel Leupold (53), was elected as the successor to member of the Board of Directors Hanspeter Fässler (67). New Vice-President is long-standing member of the Board of Directors Stephan Kuhn (66).

Ad hoc announcement 19.12.2023

Axpo sells three wind farms in France

Axpo has agreed the sale of three wind farms in France with a combined capacity of 72 MW to an Article 9 fund advised by EB – Sustainable Investment Management GmbH (EB-SIM), it was announced today. The transaction sees Axpo continue to generate strong revenues from its extensive wind farm portfolio and development pipeline. Axpo will continue to provide technical and commercial management services for the portfolio following the sale.

Ad hoc announcement 04.12.2023

Axpo posts exceptionally good results following a challenging financial year

Axpo can look back on a successful financial year. The strategy has paid off in a challenging environment. The company has become stronger and the outlook is positive.

Ad hoc announcement 04.09.2023

Axpo announces issue of CHF 300 million bond

On 4 September 2023, Axpo Holding AG successfully placed a bond on the market in the amount of CHF 300 million.

Ad hoc announcement 30.06.2023

Chief Financial Officer Joris Gröflin to leave Axpo

Axpo CFO and Executive Board member Joris Gröflin, 46, will step down from his roles by the end of January 2024 at the latest, it was announced today. The search for a successor will begin immediately.

Ad hoc announcement 26.06.2023

Contribution to security of supply: Supply contract with France extended

Axpo Group is continuing its commitment and will receive 65.7 megawatts of base load power from ENAG's (Energiefinanzierungs AG) SBR2 supply contract from 2025. Axpo and the other ENAG partners today extended the contract with Electricité de France (EDF) until 2039.

Ad hoc announcement 23.06.2023

Swiss solution: Axpo sells minority stake in Axpo Volt Beteiligung AG to the BVK pension fund

Axpo Holding AG (Axpo) has completed the sale of a 49.9% minority stake in its Axpo Volt Beteiligung AG subsidiary, through which Axpo holds 31.37% of Swissgrid. The buyer and new minority shareholder is BVK, the biggest pension fund in Switzerland. Axpo maintains a 50.1% majority stake in Axpo Volt Beteiligung AG, thus retaining full control of its Swissgrid participation in the long term.

Ad hoc announcement 12.06.2023

Axpo achieves exceptional half-year results

In the first six months of financial year 2022/23, the Axpo Group successfully implemented its strategy in what continued to be a challenging environment. A solid operational performance led to positive earnings contributions from all areas of the business, with international trading once again delivering excellent results. The anticipated financial benefits of market stabilisation saw a strongly positive impact on results from shifts in earnings. Funds used to hedge electricity production flowed back to the company, the balance sheet total shrank substantially, and net debt was reduced significantly. This resulted in an adjusted EBIT of CHF 2,242 million (previous year: CHF 1,303 million) and profits of CHF 3,214 million (previous year: CHF 513 million). With 14.2 terawatt hours (TWh), Axpo made the largest contribution to Switzerland’s electricity supply during the reporting period, accounting for approximately 40% of the country’s electricity consumption.

Ad hoc announcement 28.03.2023

General Meeting of Axpo Holding AG: shareholders approve all motions and confirm confidence in Axpo management

At the 22nd ordinary General Meeting of Axpo Holding AG on 27 March 2023, shareholders approved all motions. They formally acknowledged the management audit report, which they had commissioned and which returned positive results, and expressed their confidence in the Board of Directors and management. Katja Pluto was elected to the Board of Directors to replace Dorothée Deuring. The members of the Board of Directors standing for re-election were confirmed in office for 2023 to 2025. There was no dividend payment.

Ad hoc announcement 27.01.2023

Axpo sells its 5% stake in TAP to Fluxys and Enagás

Axpo has agreed the sale of its 5% stake in the Trans Adriatic Pipeline AG (TAP) to TAP shareholders Fluxys and Enagás S.A, it was announced today. Under the sale and purchase agreement, Belgium’s Fluxys will acquire 1% and Spain’s Enagás 4% of Axpo’s 5% equity stake. Both companies will thus reach 20% ownership of TAP, which includes UK shareholder bp (20%), Azerbaijan’s SOCAR (20%), and Italy’s Snam (20%).

Ad hoc announcement 19.12.2022

Axpo launches its first Negotiable European Commercial Paper programme of EUR 500 million

Axpo has further strengthened and diversified its financing sources by launching the company’s first Negotiable European Commercial Paper (NEU CP) programme, amounting to EUR 500 million, through its subsidiary Axpo International SA.

Ad hoc announcement 08.12.2022

A year marked by unprecedented turmoil on energy markets

Fiscal year 2021/22 was marked by unprecedented turmoil, which is reflected in Axpo Group’s results. Thanks to its strategy of diversification across fields of business and geographical markets and its focus on liquidity management, Axpo was able to weather this ‘perfect storm’. It remained fully self-financing and did not need to draw down on the credit line it had requested from the federal government as a precautionary measure. Axpo’s medium-term outlook is still positive and has in fact been improved by rising electricity prices.

Ad hoc announcement 24.10.2022

Axpo increases unsecured committed syndicated credit lines with banks to EUR 6.0 billion

Axpo has increased an existing unsecured, committed credit line with an international bank consortium from EUR 2.3 billion to EUR 3.0 billion. This brings Axpo's total unsecured, committed, syndicated credit lines with banks to EUR 6.0 billion.

Ad hoc announcement 11.10.2022

Axpo increases syndicated unsecured credit facilities to EUR 5.3 billion

Axpo has closed an additional syndicated, committed and unsecured credit facility of EUR 2.3 billion with an international bank consortium, increasing its syndicated credit lines with banks to a total of EUR 5.3 billion.

Ad hoc announcement 06.09.2022

Swiss government grants Axpo a subordinated credit line of up to CHF 4 billion

With unprecedented turmoil on European energy markets and future developments remaining unpredictable, the Swiss government at the request of Axpo, has grant-ed the company a subordinated, unsecured credit line of up to CHF 4 billion. So far, Axpo has not used any of these funds. With this measure, Axpo is making further provisions to continue to deliver its contribution to the security of supply in Switzer-land, even if the worldwide energy crisis escalates further.

Ad hoc announcement 18.08.2022

Axpo issues sustainability-linked bond in the amount of CHF 500 million

On 18 August 2022, Axpo Holding AG successfully placed a sustainability-linked bond on the Swiss market in the amount of CHF 500 million.

Ad hoc announcement 28.07.2022

Axpo sells Bisaccia wind farm to Edison

Axpo has agreed the sale of its 66 MW wind farm in Bisaccia/Italy to Edison S.p.A., one of the country’s leading utilities, it was announced today. The sale is consistent with Axpo's strategy of focussing on new growth initiatives.

Ad hoc announcement 13.06.2022

Axpo defies energy market turmoil to post good half-year results

Axpo has proven to be robust against a backdrop of unprecedented turmoil on energy markets. In the first half of fiscal 2021/22, the company posted adjusted EBIT of CHF 1,094 million (prior year: CHF 515 million) and a result for the period of CHF 513 million (prior year: CHF 781 million). The extremely sharp rise in energy prices placed was also challenging from a liquidity management perspective. Collateral payments for hedging Swiss electricity production have temporarily tied up a large amount of cash, but Axpo was able to cover this shortfall thanks to forward-looking liquidity management and good access to the capital market. Axpo’s continued expansion in renewables and status as leader in marketing electricity production capacity and in energy trading make it a significant contributor to decarbonisation and energy supply security.

Ad hoc announcement 11.05.2022

Axpo issues EUR 600 million sustainability-linked Schuldschein loan

Axpo has successfully issued its first sustainability-linked Schuldschein loan in the amount of EUR 600 million. The transaction - initially launched at EUR 150 million - was significantly oversubscribed due to strong demand from interna-tional banks.

Ad hoc announcement 07.02.2022

Axpo secures EUR 2.5 billion revolving credit facility linked to sustainability targets

Axpo Holding AG has signed a EUR 2.5 billion unsecured revolving credit facility (RCF) with a global syndicate of 22 banks, it was announced today. The sustainabil-ity-linked facility will enable Axpo to refinance the existing CHF 550 million commit-ted credit line from 2020, diversify its financing structure, and enhance its financial flexibility.

Ad hoc announcement 25.01.2022

Axpo places sustainability-linked bond in the amount of CHF 500 million

On 25 January 2022, Axpo Holding AG successfully placed a sustainability-linked bond on the mar-ket in the amount of CHF 500 million.

Ad hoc announcement 14.01.2022

Axpo Holding AG General Meeting: proposed dividend approved

The 21st ordinary General Meeting of Axpo Holding AG on 14 January 2021 approved the annual report and the annual financial statements for 2020/21. The proposed dividend of 80 million Swiss francs was also approved.

Ad hoc announcement 09.12.2021

Axpo well-positioned for future growth as company reports good results

• Positive earnings contributions from all business areas • Excellent result in international customer business and marketing of power plant capacity • Operating result of CHF 500 million was below previous year (CHF 826 million) , as expected • Free cash flow of CHF 562 million higher than in previous year (CHF 319 million) • Result for the period higher than in previous year (CHF 607 million vs. CHF 570 million) • Dividend of CHF 80 million proposed The Axpo Group (Axpo) posted adjusted earnings before interest and tax of CHF 500 million for the 2020/21 financial year (1 October 2020 to 30 September 2021), with all business areas (Generation & Distribution, Trading & Sales and CKW) making a positive contribution.

Ad hoc announcement 11.06.2021

Axpo posts higher operating result

The Axpo Group achieved a good result in the first half of the 2020/21 financial year (1 October 2020 until 31 March 2021). Before special effects, operating profit (adjusted EBIT) increased by 4 per cent over the previous year to CHF 515 million.

Ad hoc announcement 22.02.2021

Axpo to receive additional compensation for transmission grid infrastructure

The Swiss Federal Electricity Commission ElCom has issued decrees regarding the regulatory value of transmission grid infrastructure that was transferred from Axpo to Swissgrid in 2013. This results in additional compensation amounting to approximately CHF 100 million, which will have a one-off effect on the financial result of the Axpo Group for financial year 2020/21.

Ad hoc announcement 15.01.2021

KLL increased production significantly

The Board of Directors of Kraftwerke Linth-Limmern AG (KLL) today approved the financial statements for the 2019/20 financial year and passed them for the attention of the Annual General Meeting on March 18. KLL's power plants produced significantly more electricity in the year under review than in the previous year.

Ad hoc announcement 15.01.2021

Axpo Holding AG General Meeting - shareholders approve dividend

The 20th ordinary General Meeting of Axpo Holding AG on 15 January 2021 approved the annual report and the annual financial statements for 2019/20, as well as all other requests. Jakob Stark, 62, was elected as the successor to member of the Board of Directors Roland Eberle, 67, who is retiring. The other incumbent members of the Board of Directors were re-elected for the 2021–2023 term. The shareholders approved payment of a dividend of CHF 80 million.

Ad hoc announcement 05.01.2021

Klingnau hydropower station: electricity for 45,000 homes produced

The Board of Directors of Aarekraftwerk Klingnau AG (AKA) today approved the annual report and accounts for the 2019/20 financial year to be presented to the General Meeting of Shareholders on March 12, 2021. Aarekraftwerk Klingnau produced 202 million kilowatt hours of electricity in the year under review - slightly more than in the previous year.

Ad hoc announcements Latest announcements

Axpo further diversifies financing with sustainability-linked Samurai loan

Axpo strategy continues to deliver results

Axpo refinances credit lines with EUR 7.0 billion sustainability-linked facility

Axpo Holding AG General Meeting – Shareholders forego a dividend

Axpo sells three wind farms in France

Axpo posts exceptionally good results following a challenging financial year

Axpo announces issue of CHF 300 million bond

Chief Financial Officer Joris Gröflin to leave Axpo

Contribution to security of supply: Supply contract with France extended

Swiss solution: Axpo sells minority stake in Axpo Volt Beteiligung AG to the BVK pension fund

Axpo achieves exceptional half-year results

General Meeting of Axpo Holding AG: shareholders approve all motions and confirm confidence in Axpo management

Axpo sells its 5% stake in TAP to Fluxys and Enagás

Axpo launches its first Negotiable European Commercial Paper programme of EUR 500 million

A year marked by unprecedented turmoil on energy markets

Axpo increases unsecured committed syndicated credit lines with banks to EUR 6.0 billion

Axpo increases syndicated unsecured credit facilities to EUR 5.3 billion

Swiss government grants Axpo a subordinated credit line of up to CHF 4 billion

Axpo issues sustainability-linked bond in the amount of CHF 500 million

Axpo sells Bisaccia wind farm to Edison

Axpo defies energy market turmoil to post good half-year results

Axpo issues EUR 600 million sustainability-linked Schuldschein loan

Axpo secures EUR 2.5 billion revolving credit facility linked to sustainability targets

Axpo places sustainability-linked bond in the amount of CHF 500 million

Axpo Holding AG General Meeting: proposed dividend approved

Axpo well-positioned for future growth as company reports good results

Axpo posts higher operating result

Axpo to receive additional compensation for transmission grid infrastructure

KLL increased production significantly

Axpo Holding AG General Meeting - shareholders approve dividend

Klingnau hydropower station: electricity for 45,000 homes produced