INVESTOR INFORMATION
Important Information on the Share, Bonds and Financial Calendar
In 2019, the BKW share movement was slightly positive. The share increase of + 4 % in the 2019 financial year fell short of the SPI (+ 30 %), despite the highly positive results that BKW presented. The strong 2018 results were communicated in March, and the outstanding results for the half-year 2019 in September. Both sets of results exceeded market expectations and led to positive share price reaction. In particular, the 2019 half-year results managed to significantly exceed market expectations in a challenging business environment. At the same time, BKW increased its outlook for the 2019 financial year. On the day of publication, this led to a striking share price increase of + 17 %. The BKW share closed the year at CHF 71.40 (+ CHF 2.70).
The shares of BKW AG are listed on the main segment of the SIX Swiss Exchange.
Ticker symbol on SIX | BKW |
Securities number | 13.029.366 |
ISIN code | CH0130293662 |
The BKW share is included in the Swiss Performance Index (SPI).
Appropriation of profit
The Board of Directors proposes to the General Meeting a dividend of CHF 2.20 per share for the 2019 financial year. The dividend will be paid out on 22 May 2020.
Restrictions on share transferability
The Company may refuse to register an acquirer of shares in the register of voting shareholders for the following reasons:
a) If the acquisition results in a natural person, a legal entity or a partnership holding (directly or indirectly) more than 5 % of the entire share capital. The same restriction applies to legal entities, partnerships, groups of persons or joint ownerships that are bound by capital or voting rights, shared management or otherwise linked. It also applies to all natural persons, legal entities or partnerships acting jointly or in concert in order to acquire shares;
(b) Unless the acquirer expressly declares that they have acquired the shares in their own name and on their own account.
Major shareholders and treasury shares
To BKW’s knowledge, the following shareholders held more than 3 % of the shares as at 31 December:
31.12.2018 | 31.12.2019 | |
Canton of Bern | 52.54 % | 52.54 % |
Groupe E Ltd. | 10.00 % | 10.00 % |
The free float amounts to 37.5 %.
The market capitalisation of BKW at the close of 2019 was CHF 3.8 billion.
Key figures per share
CHF | 31.12.2018 | 31.12.2019 |
Result | 3.56 | 7.42 |
Equity | 60.66 | 65.59 |
Dividend | 1.80 | 2.20 |
Dividend yield (in %)1 | 2.6 | 3.0 |
Price / earnings ratio 1 | 19.3 | 9.6 |
Year-end | 68.70 | 71.40 |
Year high | 71.60 | 75.50 |
Year low | 53.80 | 62.20 |
1 Based on year-end closing price
Bonds
At 31 December 2019, BKW had the following bonds outstanding:
Nominal amount | Term | Due | ISIN code | |
3 % debenture bond | CHF 200 million | 2007 – 2022 | 27.04.2022 | CH0030356718 |
0.75 % debenture bond | CHF 200 million | 2018 – 2025 | 25.10.2025 | CH0435590358 |
2.5 % debenture bond | CHF 300 million | 2010 – 2030 | 15.10.2030 | CH0117843745 |
0.25 % green bond | CHF 200 million | 2019 – 2027 | 29.07.2027 | CH0487087295 |
In July, BKW became the first listed Swiss company to launch a green bond. BKW’s fixed-interest senior green bond worth CHF 200 million has a coupon of 0.25 % and a term of eight years. The payment of the bond took place on 29 July 2019. BKW is thus refinancing the construction of various Swiss small hydroelectric power stations and wind farms in Norway and France.
Financial calendar
General Meeting 15 May 2020
Ex-dividend date 19 May 2020
Dividend payment 22 May 2020
Publication of 2020 half-year results 1 September 2020
Contact: investor.relations@bkw.ch