Home Europe EWL posts double-digit FY growth in telecommunications revenues

EWL posts double-digit FY growth in telecommunications revenues

EWL, a Swiss energy provider from Lucerne providing also fibre-optic infrastructure, posted revenues of CHF 272.2 million for 2017 and a slightly lower profit (-0.9 percent) of CHF 32.1 million. A dividend of CHF 12.6 million will be paid to the city of Lucerne.

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EWL, a Swiss energy provider from Lucerne providing also fibre-optic infrastructure, posted revenues of CHF 272.2 million for 2017 and a slightly lower profit (-0.9 percent) of CHF 32.1 million. A dividend of CHF 12.6 million will be paid to the city of Lucerne.

The company recorded double-digit growth in the two new segments heat and telecommunications, and the results met the company’s expectations. The number of activated fibre lines on the Lucerne network significantly increased to a total of 6,023, which represents growth of 21.9 percent and is also reflected in the 21-percent increase in telecommunications revenues in 2017.

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