Business · Companies · 2 hrs ago
BKW keeps 2026 earnings outlook despite weak water and wind power
Swiss energy group BKW has kept its 2026 earnings outlook despite difficult conditions for its power production.
The company says water and wind output stayed below its long-term average in the third quarter after a long, hot and dry summer.
BKW had already faced weak renewable output in the first half of the year, alongside unexpected geopolitical developments.
It expects operating profit to be near the lower end of its 650 million to 750 million Swiss franc target range.
Higher energy prices may create opportunities in its trading business, while its network and infrastructure businesses performed in line with or better than expectations.
BKW says the scope for a significant rise in water and wind production by year-end is limited.
Its finance chief is due to take part in a conference call with analysts and investors.
BKW kept its 2026 earnings outlook, expecting operating profit to be in the lower part of its target range.
The Swiss energy company expects earnings before interest and taxes of 650 million to 750 million Swiss francs, a target range announced at the start of the year.
Water and wind power production remained below the long-term average in the third quarter after a long, dry and hot summer.
BKW said the potential for a significant increase in water and wind production by year-end was limited.
Higher energy prices could create opportunities in its trading business, while its networks and infrastructure and buildings businesses performed solidly or positively.
- Who
- BKW, the energy company based in Bern.
- What
- It kept its 2026 earnings outlook, expecting EBIT in the lower part of its target range of 650 million to 750 million Swiss francs.
- When
- November 10, 2026.
- Where
- Not stated.
- Why
- Water and wind production remained weak after a long, dry and hot summer. BKW said higher energy prices could offer opportunities in trading.
This story does not have two clearly opposing sides.
BKW faced low water and wind power production and unexpected geopolitical developments.
Water and wind production remained below the long-term average, and the trend of difficult conditions continued.
BKW confirmed its full-year outlook in its first qualitative nine-month interim report.
- 2026 EBIT target range
- 650 million to 750 million Swiss francs
- Expected EBIT
- Lower part of the target range
- Water and wind production
- Below the long-term average in the third quarter
- Year-end production potential
- Limited potential for a significant increase in water and wind output
- Interim report
- BKW’s first qualitative report after nine months
What people are saying
The potential for significantly higher water and wind production by the end of the year is limited.
a consequence of the long, dry and hot summer