EGL Annual General Meeting approves unchanged dividend
24. January 2010
Shareholders of EGL approved the 2008/09 financial results and payment of an unchanged dividend at today's Annual General Meeting. They also approved a change of name: Elektrizitäts-Gesellschaft Laufenburg AG (EGL) has been renamed EGL AG. Hansueli Sallenbach was elected to the Board of Directors.> more
EGL Group in the 2008/09 financial year
14. December 2009
The EGL Group achieved a good trading result overall in the 2008/09 financial year. The energy markets were characterised by a decline in demand, falling prices and seasonal volatility. In this challenging environment, EGL was able to increase its gross margin by 4% to CHF 810.4 million. Net profit was down to CHF 186.7 million (previous year: CHF 315.4 million), which reflects higher depreciation, a negative financial result and higher operating expenses. EGL is financially solid and is investing in the further expansion of its business areas. In the last financial year it created 176 new full-time positions. > more
EGL to invest in an offshore wind farm in the North Sea
03. December 2009
The EGL Group is to acquire a 24.1% stake in Wetfeet Offshore Windenergy GmbH, which is planning to build a 400-megawatt wind farm off the north coast of Germany. An agreement to this effect is being signed today in Wolfschlugen, near Stuttgart (Germany).> more
LNG Japan Corporation and EGL Sign Partnership on Liquefied Natural Gas
22. October 2009
LNG Japan Corporation and Swiss-based EGL Group have signed a memorandum of understanding (MoU) in Tokyo today to develop a partnership on liquefied natural gas (LNG). The long-term partnership will focus on the procurement and marketing of LNG in various markets worldwide.> more
TAP starts route assessment survey in Albania
06. July 2009
The Trans Adriatic Pipeline (TAP) project, which is developed by EGL and Norway's StatoilHydro ASA, started a route assessment survey in Albania on 1st of July, 2009. The goal of the survey is to determine an optimal routing for the future pipeline.> more
EGL strengthens its origination activities Finland
10. June 2009
EGL (Elektrizitäts-Gesellschaft Laufenburg AG) is expanding its market presence in the Nordic region by establishing the subsidiary EGL Finland Oy in Finland and opening a new origination office in Helsinki.> more
Good result in an extraordinary economic climate
04. June 2009
The EGL Group increased its gross margin to CHF 437.0 million (+27%) in the first half of 2008/09 despite tough market conditions. Net profit fell marginally to CHF 123.1 million (-2%). The company made significant progress in all three strategic business areas. > more
EGL expanding to the UK
27. May 2009
EGL (Elektrizitäts-Gesellschaft Laufenburg AG) is expanding its market presence in Europe opening a new trading hub in the United Kingdom (UK) having recently established the subsidiary EGL UK in London. > more
EGL appeals against ElCom ruling
23. April 2009
EGL Grid AG, owner and operator of a high-voltage network in Switzerland, is exercising its right to appeal to the Federal Administrative Court against the ElCom ruling concerning "Costs and tariffs for level 1 grid usage and ancillary services". The company believes that the value of its assets, which it has declared correctly and transparently for years, will be unfairly reduced as a result of this ruling. EGL Grid AG cannot accept such a reduction in value.> more
EGL invests in wind power in Sweden
10. February 2009
EGL (Elektrizitäts-Gesellschaft Laufenburg AG) entered into an agreement to buy 51.6% of the shares of HS Kraft AB, a developer of wind power projects in Sweden. This acquisition will give EGL access to a large pipeline of projects for exploiting wind power in southern Sweden.> more
