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Romande Energie First-Half Profit Jumps on Higher EBIT and Efficiency

Romande Energie logoRomande Energie
Sig1.85Sen+5.60Env0.00Soc0.00Gov0.00

Revenue increased 5% to 407 million Swiss francs in the first half. EBIT more than doubled to 46 million, beating analysts’ expectations, and EBITDA margin rose to 24% from 18% as costs fell and efficiency and restructuring measures took effect. Earnings were 47 million (+19%), while Alpiq and EOS contributed less. The company gave no specific full-year outlook, expecting seasonality and dependence on energy-market conditions.

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