Bewag Completes Turnaround

Energy › Renewables ♦ Published: January 23, 2012; 16:15 ♦ (Vindobona)

After losses in 2010, the Austrian energy supplier could achieve positive results last year.

Bewag Completes Turnaround / Picture: © Vindobona.org

The Burgenland-based regional energy supplier Bewag reached operating profits of € 20.6m in 2011. In 2010, losses amounted to € 6.4m. As a result, the turnaround has been achieved.

“After three years of losses, we realized an excellent result again.”, CEO Michael Gerbavsits announced. Now, Bewag would be back on the road to success. According to Gerbavsits, equity amounts…

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