The Swiss energy supplier, Axpo, has a new organisation: In the future, EGL, which is mainly active in European energy trading, will operate under the Axpo brand. With an optimised Group structure geared to increase profitability, Axpo wants to generate a significantly improved EBIT of over 100 million Swiss francs per year. Ensuring the security of supply for its shareholder cantons remains a central task for Axpo. In addition to expanding domestic production, Axpo aims to strengthen its position in the European energy market.
EGL has been a subsidiary of the Swiss energy supplier, Axpo, since 2002. In the spring of 2012, Axpo increased its EGL shares from 91 percent to 100 percent, and restructuring activities into the new business areas Assets (mainly Axpo AG in the past), and Trading & Sales (mainly EGL in the past). Reason: With bundled forces and a simplified structure, Axpo can act more flexibly, more quickly and more efficiently to meet the growing challenges in the energy markets and under regulatory framework conditions in the future. As of 1 October 2012, EGL and its subsidiaries will operate under the Axpo brand. This will reinforce the pan-European focus of Axpo’s trading business, develop new earning potentials, and promote synergies, which will also benefit Axpo’s clients.