Alpiq Holding Ltd. (Alpiq Group) closed fiscal 2011 with net revenue unchanged. Before impairment, EBITDA, EBIT and Group profit were well below the prior-year levels at CHF 1.1 billion (-23%), CHF 552 million (-43%) and CHF 258 million (-60%) respectively. Charges totalling CHF 1.7 billion due to impairment, special write-downs and provisions led to a loss of CHF 1.3 billion. To strengthen its financial flexibility, the Alpiq Group launched a comprehensive restructuring programme at the end of 2011.
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