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Alpiq – A different kind of energy
Alpiq is a leading Swiss electricity producer and energy service provider and is active throughout Europe. We offer our customers comprehensive and efficient services in the fields of energy generation, marketing and energy optimisation.
At Alpiq, business is always conducted based on our purpose “together for a better climate and an improved security of supply” and this purpose, together with our values and ethical standards, is engrained in our culture as a company. We pursue a sustainable, financially stable and risk-adjusted business model.
Alpiq invests in security of supply and achieves very good half-year result
Lausanne – Alpiq further strengthened the focus on its core business in the first half of the year and expanded its business in the energy storage and flexibility segment. Alpiq’s financial position is very solid. The energy markets in the first half of 2024 were shaped by falling electricity prices and very low price volatility. Against this backdrop, Alpiq achieved a very good result with an adjusted EBITDA of CHF 463 million. Adjusted net revenue fell to CHF 2,883 million due to lower prices, while adjusted net income totalled CHF 287 million.
Return of concessions – Alpiq, a leading industrial player
Now that the granting authorities have exercised their right of return, Alpiq has for the first time become a partner in a hydropower facility in which it did not initially hold a stake. In connection with the renewal of the hydropower concessions of Forces Motrices d’Orsières SA, the municipalities of Orsières and Liddes have authorised the sale of 10% of the company to Alpiq from 19 January 2027, for a duration of 80 years.
“We are very well positioned in the financial markets”
After continuously strengthening the company’s resilience and financial stability over the past three years, Alpiq has now decided to pay back its public hybrid bond of CHF 650 million. The payback on the hybrid bond, which the company issued 11.5 years ago, will be effective mid-November 2024. This decision was communicated to the markets in a press release on 27 September 2024.
