BKW Inc. is the holding parent company of the BKW Group. The company is listed on the SIX Swiss Exchange (ISIN code: CH0130293662).  

 

Investor Presentation - Annual Results 2019

Webcast

 

Contact:
Investor Relations
Thomas Herren
investor.relations(at)bkw.ch
Phone: +41 58 477 53 56

Financial calendar

15.05.2020
General meeting, Bern 

19.05.2020
Ex-dividend date

22.05.2020
Dividend payment

01.09.2020
Publication of half-year results 2020
Financial analyst presentation, Zürich

18.03.2020
Publication of the 2019 annual results
Publication of the 2019 Annual Report
Financial analyst presentation, webcast
Press release

03.09.2019
Publication of half-year results 2019
Financial analyst presentation, Zürich
Press release

31.05.2019 Dividend payment

28.05.2019
Ex-dividend date

24.05.2019
General meeting, Bern 

19.03.2019
Publication of the 2018 annual results
Publication of the 2018 Annual Report
Financial analyst presentation, Zurich
Press release

BKW share

Share

  
Type of shareRegistered shares at a par value of CHF 2.50 each. All registered shares have equal rights. Every share represented at the Annual General Meeting is entitled to one vote.
Share capitalCHF 132'000'000
Number of shares52'800'000
Stock exchangeThe BKW share has been listed on the Swiss Stock Exchange since 12.12.2011.
Security number13 029 366
BloombergBKW SW
ReutersBKWB.S (SIX Swiss Exchange)
ISIN-CodeCH0130293662
Share registrarDevigus Shareholder Services; www.devigus.com; bkw@devigus.com

Key Figures

Key figures per share31.12.2018 (in CHF)31.12.2019 (in CHF)
Result3.567.42
Equity60.6665.59
Dividend1.802.20
Dividend yield (in %)*2.63.0
Price / earnings ratio*19.39.6
Year-end price68.7071.40
Year high71.6075.50
Year low53.8062.20

 *Based on year-end price

Dividends

YearDividend per share in CHFDate of pay-out
20181.8031.05.2019
20171.8025.05.2018
20161.6017.05.2017
20151.6020.05.2016
20141.6015.05.2015
20131.2016.05.2014
20121.2027.05.2013
20111.0021.05.2012
2010*2.5020.05.2011
2009*2.5023.04.2010
2008*2.3007.05.2009
2007*2.7015.05.2008
2006*2.7018.05.2007

*Figures up to 31.12.2010 are in respect of BKW FMB Energy Ltd.

The following analysts regularly publish opinions on the BKW share. 

Bank/Analyst


Recommendation

Baader Helvea AG
Jorg Schirmacher 
+41 43 388 92 67 
jschirmacher(at)helvea.com
Buy

Mirabaud Securities Limited
Daniel König
T: +41 58 816 88 72
daniel.koenig(at)mirabaud-msl.com

Buy

Research Partners AG 
Eugen Perger 
T: +41 41 533 40 30
eugen.perger(at)researchpartners.ch
Buy
Zürcher Kantonalbank
Sven Bucher 
T: +41 44 292 35 35 
sven.bucher(at)zkb.ch
Buy


BKW aims to maintain this information up to date. However, no claim is made that the data is up to date or complete. The valuations, judgements and expectations expressed in the analysts’ reports do not necessarily reflect the opinion of BKW.

Last updated 27.03.2020

Corporate Governance

At BKW, corporate governance adheres consistently to the standards of the Swiss Code of Best Practice.

In addition to the relevant provisions of Swiss Corporation Law, the principles and rules governing corporate governance at BKW are contained in BKW's articles of association, organisational regulations, code of conduct and regulations governing the BKW Board Committees. These documents are regularly reviewed by the Board of Directors and revised in line with changing requirements.

Code of Conduct of the BKW Group: Download here

You can find all our reports in the annual report.

Annual report

 

Remuneration Report

In accordance with the introduction of the Ordinance against Excessive Compensation in Listed Stock Companies on 1 January 2014, all information regarding the remuneration of the Board of Directors and the Group Executive Board must now be set out in a Remuneration Report.

Annual report

Bonds

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BorrowerBKW Ltd
Amount of issueCHF 163'375'000
Date of issue30.09.2014
Maturity date30.09.2020
Coupon0.125%
Coupon paymentAnnually
Issue price100%
ListingSIX Swiss Exchange
Minimum denominationCHF 5'000
Security number25'359'274
ISIN-CodeCH0253592742

Based on the terms of the bond, BKW decided in May 2018 to redeem the convertible bond early on 26 June 2018. The conversion period thus ended on June 18, 2018.

BorrowerBKW Ltd
Amount of issueCHF 200,000,000
Date of issue27.04.2007
Maturity date27.04.2022
Coupon3.00%
Coupon paymentAnnually
Issue price100.525%
ListingSIX Swiss Exchange
Minimum denominationCHF 5,000
Security number3035671
ISIN-CodeCH0030356718
BorrowerBKW Ltd
Amount of issueCHF 200'000'000
Date of issue15.10.2018
Maturity date15.10.2025
Coupon0.75%
Coupon paymentAnnually
Issue price100.102%
ListingSIX Swiss Exchange
Minimum denominationCHF 5'000
Security number43559035
ISIN-CodeCH0435590358

[Translate to English:]

BorrowerBKW Ltd
Amount of issueCHF 300'000'000
Date of issue15.10.2010
Maturity date15.10.2030
Coupon2.500%
Coupon paymentAnnually
Issue price100.465%
ListingSIX Swiss Exchange
Minimum denominationCHF 5'000
Security number11784374
ISIN-CodeCH0117843745

Green bonds are fixed income bonds that use the proceeds of the issue to finance measures to promote positive and reduce negative environmental impacts or to adapt to climate change.

The green bond issue is based on the BKW Green Bond Framework, which is alligned to the 2018 Green Bond Principles (GBPs) of the International Capital Market Association. Alignment of the BKW Green Bond Framework with the Green Bond Principles was confirmed in a second party opinion by ISS-oekom.

BKW Green Bond Framework

ISS-oekom Second Party Opinion on sustainability quality of the issuer and Green Bond Asset Pool June 2019

BKW Green Bond Investor Presentation

Green Bond Reporting 2019

The following analysts regularly publish opinions on BKW and issue rating assessments. 

Bank/Analyst


Rating

Outlook

Credit Suisse
Daniel Rupli
T: +41 44 333 13 79
daniel.rupli(at)credit-suisse.com

A

Stable

UBS AG
Alexandra Bossert
T: +41 44 239 14 76
alexandra.bossert(at)ubs.com 

A

Negative

Zürcher Kantonalbank
Luca Corletto
T: +41 44 292 33 94
luca.corletto(at)zkb.ch 

A

Stable

BKW aims to maintain this information up to date. However, no claim is made that the data is up to date or complete. The valuations, judgements and expectations expressed in the analysts’ reports do not necessarily reflect the opinion of BKW.

Last updated 27.03.2020

BorrowerBKW Ltd
Amount of issueCHF 200'000'000
Date of issue29.07.2019
Maturity date29.07.2027
Coupon0.25%
Coupon paymentAnnually
Issue prive100.337%
ListingSIX Swiss Exchange
Minimum denominationCHF 5'000
Security number48708729
ISIN-CodeCH0487087295

Reports

You can find all our reports in the Download Centre.

Download Centre

General Meeting

This year’s General Meeting will be held on Friday 15 May 2020.

All information on past General Meetings is available in the Download Centre.

Frequently asked questions

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The Board of Directors is proposing a dividend of CHF 2.20 per share to the General Meeting for the 2019 financial year. The dividend will be paid out on 22 May 2019. Information on dividend payouts in previous years is available above.

According to Article 4 of the BKW Articles of Association governing attendance and voting at the General Meeting, shareholders who are entered in the shareholders' register 15 days prior to the date of the Annual Shareholders’ Meeting are entitled to attend.

The BKW Inc. share has been listed on the Swiss Stock Exchange SIX since 12 December 2011. Until the end of 2018, the share was also listed on the BX Swiss. The last trading day on the BX Swiss was 28.12.2018.

The BKW FMB Energy Ltd share was listed on the SIX Swiss Exchange from 28 May 2003 and was traded on the BW Berne eXchange since as early as 1 October 1969. BKW FMB Energy Ltd. shares were delisted from the SIX Swiss Exchange and the BX Berne eXchange on 20 April 2012, with 19 April 2012 being the final day for trading BKW FMB Energy Ltd

Our website provides an update of the BKW share price delayed by 30 minutes. You can check the share price performance above.

Ask your bank to purchase BKW shares on your behalf or purchase them directly via online banking. You can find the share information you require above under "Share".

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