Challenging production conditions continue to shape the third quarter*
Press release
Challenging production conditions continue to shape the third quarter*
10 November 2026
Production at BKW’s hydropower and wind power plants remained below the long-term average in the third quarter as a result of the long, hot and dry summer. BKW’s diversified business model had a stabilizing effect. Power Grid performed solidly, while Infrastructure & Buildings developed positively. Both business segments performed in line with expectations. BKW confirms its outlook for the 2026 financial year.
*Ad-hoc announcement pursuant to Art. 53 LR
The first half of 2026 was characterized by challenging conditions for BKW. Low production from hydropower and wind power plants coincided with unexpected developments in geopolitics. This trend continued in the third quarter. As a result of the long, hot and dry summer, BKW’s electricity production remained below the long-term average. The trading business remained challenging due to turmoil in the energy markets but is continuing to perform well after a difficult start to the 2026 fiscal year.
BKW’s diversified business model had a stabilizing effect. The Power Grid and Infrastructure & Buildings business areas performed in line with expectations.
Confirmed outlook for 2026
The potential for significantly higher hydropower and wind power production by the end of the year is limited. However, opportunities are arising in the area of trading due to the current high energy prices. BKW therefore confirms its outlook for the full year: for 2026, BKW expects EBIT to be at the lower end of the guidance range of CHF 650 million to CHF 750 million announced at the beginning of the year.
Upcoming dates
10 February 2027: Press release and investor call, provisional figures for 2026
10 March 2027: Annual results press conference and Annual Report 2026
This press release contains forward-looking statements based on current assumptions and estimates. These forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from those set out in the forward-looking statements. Risks and uncertainties include factors such as market and economic conditions, legal requirements and regulatory conditions, competitive conditions, interest rates and currency fluctuations. Although BKW believes that the forward-looking statements are based on reasonable assumptions, it cannot guarantee that the expected results will be achieved. BKW is under no obligation to update forecasts in the event of new information, as a result of future events or for any other reason.
This press release is published in German, French, English and Italian. The German version is authoritative.
