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Alpiq Holding AG Ch. de Mornex 10 1003 Lausanne, Switzerland http://www.alpiq.com
Contact Ms Karin Imhof +41 62 286 75 70
Company logo of Alpiq Holding AG
Alpiq Holding AG

Alpiq adopts comprehensive restructuring programme

Alpiq aligns strategy and organisation to changed boundary and market conditions

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The electricity industry is having to adapt to sustained changes in the boundary and market conditions. Alpiq is heavily affected by this trend. In the first nine months of 2011, operating profit before depreciation and amortisation (EBITDA) fell by 22% to CHF 832 million, well below the prior-year figure. Due to impairments and provisions, 2011 is expected to close with a net loss. The Alpiq Board of Directors has therefore adopted a restructuring programme to focus on the core business, simplify the organisation and reduce costs and debt. This also entails plans to reduce the workforce by 450 jobs, around pjer zv xiwhp atlw nt gh Wwfyqxvrzrb.

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