Alpiq Group announced earnings results for the year ended December 31, 2017. For the year, on Results of operations before exceptional items the company reported Net revenue of CHF 7,173 million against CHF 6,078 million a year ago. EBITDA was CHF 301 million against CHF 395 million a year ago. EBIT was CHF 114 million against CHF 204 million a year ago. Net loss was CHF 33 million against profit of CHF 115 million a year ago.

On under IFRS, the company reported Net revenue of CHF 7,163 million against CHF 6,078 million a year ago. EBITDA was CHF 278 million against CHF 778 million a year ago. EBIT was CHF 91 million against CHF 379 million a year ago. Net loss was CHF 84 million against profit of CHF 294 million a year ago. Cash flows from operating activities was CHF 329 million against CHF 94 million a year ago. Net debt as at 31 December 2017 was reduced further to CHF 0.7 billion.

Alpiq expects results of operations in 2018 to be down on the previous year. This is attributable to the persistently low wholesale prices, which put Swiss power production under pressure.