Alpiq Holding AG (Alpiq) reported earnings results for the first half of 2013. For the period, the company reported net revenue totalled CHF 4,791 million and EBITDA of CHF 401 million against net revenue of CHF 6,497 million and EBITDA of CHF 468 million a year ago. EBIT amounted to CHF 257 million against CHF 151 million in the previous year, while Group profit totalled CHF 115 million against loss of CHF 34 million in the previous year. As a result of the continued implementation of the divestment programme announced at the end of 2011, the company was able to generate a cash inflow of CHF 512 million in the first half of 2013. Net debt was reduced to CHF 2.2 billion against CHF 4 billion in the previous year as a result of these divestments, the hybrid bond, and the positive cash inflow from business activities.

The company anticipates a lower operating result for the full-year 2013 in comparison with 2012.