BKW Inc. Reports Earnings Results for the First Half of 2016; Confirms Earnings Guidance for the Year 2016
The company confirmed the outlook for the current year 2016 and is confident that the 2015's operating profit (excluding one-off effects) will be achieved. The negative effects of falling electricity prices will be offset by the active management of energy positions, rigorous cost management and higher revenues from the Grid and Services business. The expansion of the Services business will allow BKW to become less and less dependent on the electricity price.