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Bewag Achieved Turnaround
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The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.
Bewag Achieved Turnaround / Picture: © Vindobona.org
The Burgenland-based energy company leaves the loss zone. In the past three years, Bewag suffered from losses. In 2010, sales amounted to 286.1m, losses reached € 18m. For 2011, sales are expected to account for € 251.5m. Profits will be between € 10m and € 15m.
Gerbavsits also mentions that a write-off of € 4m could be possible. A wind power project in Poland was not…
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