Short report
Introduction
The terrible conflict in Eastern Europe is having global repercussions on an unpre-cedented scale and upended the market for gas procurement right in the middle of the financial year. Issues such as the security of supply and high energy prices have taken centre stage, pushing the discussion about the climate into the background.A brief roundup of the year
OpenEP’s expertise is in demand
There is great uncertainty surrounding the security of supply in the energy sector. As a key player, OpenEP is a member of the task force convened by the Swiss government and is managing the measures set out for winter 2022/2023 such as storage facilities and surplus coverage options. The expertise and resources of our employees are highly regarded and in strong demand.
Successful business model
The unprecedented developments on the energy markets are posing major challenges for energy suppliers. Close collaboration with OpenEP is proving its worth in this situation. Market proximity, a broad and stable network of trading partners, and resources with expertise are all elements that ensure the success of our business model. Even in times of crisis.
Special focus on risk management
Given the exceptional developments in the market, OpenEP has reiterated its focus on risk management. For example, we have coordinated with customers on increasing the level of detail in risk reports and the frequency of reporting.
Customer growth in Switzerland
OpenEP succeeded in growing its customer base in Switzerland in the spring of 2022. This is gratifying evidence of the company’s overall level of performance.
Expansion of the product portfolio
Increasing numbers of customers are requesting gas originating from specific sources. Thanks to our broad network and flexibility, OpenEP was in a position to quickly offer new products to meet such demands.
OpenEP and its robust financing model
Rising prices and market volatility led to a massive increase in the balance sheet total. This balance sheet expansion meant that the equity ratio was lower despite the slight increase in equity. Thanks to our financially robust business model, OpenEP remains a stable trading partner and a reliable service provider for customers.
Impressive business figures
With revenue of CHF 1.6 billion and a higher than budgeted profit, the fiscal year looks good.
Quality in line with ISO 9001
We again successfully passed the ISO 9001 monitoring audit this year thanks to our daily attention to the various processes and our compliance with QA measures.
Increased regulation
Legal compliance and changes in legislation were a focal area of our work at OpenEP again this year. We have already begun preparing for the revised Data Protection Act (FADP) that will enter into force in 2023. We take compliance very seriously at OpenEP.
The OpenEP team
The motivation of our team members and low staff turnover help us to keep our business processes running efficiently at all times and maintain high service quality. It’s fun to be part of this team.
Main figures
Income statement |
01.10.2021 – 30.09.2022 |
01.10.2020 – 30.09.2021 |
|---|---|---|
| CHF | CHF | |
| Net income from sales of goods and services | 1’611’782’474 | 601’215’778 |
| Operating profit (EBIT) | 1’047’964 | 629’467 |
| Annual profit | 589’939 | 406’118 |
Balance sheet figures |
01.10.2021 – 30.09.2022 |
01.10.2020 – 30.09.2021 |
|---|---|---|
| CHF | CHF | |
| Total assets | 267’769’241 | 139’971’275 |
| Liabilitites | 213’064’701 | 85’857’674 |
| Equity | 54’703’540 | 54’113’601 |
Thank you for your interest.
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Open Energy Platform AG
Beckenhofstrasse 6
8006 Zurich
Tel.: +41 44 733 62 00