"Fit for the future"
Press conference: WINGAS presents top mark
Good future prospects for natural gas as an energy source: "I am convinced: There will no longer be a German, a European energy mix without a strong natural gas component," said WINGAS Chairman, Gerhard König, at the Annual Press Event in Salzburg. "Because natural gas is simply too green, too flexible and too reliable!" Natural gas is especially ideal as a partner for the renewable energies. "It can respond quickly and flexibly to production fluctuations in solar and wind energy." König therefore sees growth potential for natural gas sales in the power plant market in particular. He pointed out how WINGAS has always stood for natural gas as an energy source, "even last year, when no German politician gave natural gas any real thought."
WINGAS presented its business results to the international press in Salzburg this year - a day before the celebratory startup of the second expansion stage at the nearby Haidach gas storage facility. More than 40 journalists from Germany, the Netherlands, Austria, Russia and the UK came to the city on the Salzach for this very event. WINGAS Managing Directors Gerhard König, Artour Chakhdinarov, Gennady Ryndin and Ludwig Möhring discussed the relevant topics against the motto: "Fit for the future. With natural gas."
A challenging 2011WNGAS is fit for the future. Last year the company sold 323.6 billion kWh (2009: 308) - a very significant sales growth of more than five percent, and therefore a new top mark. "With a plus of nine percent we have grown stronger than the market in Germany in particular," explained König to the journalists present. In Germany the company therefore has a market share of approx. 20 percent.
WINGAS has also grown on the European markets and in trading on the international spot markets. The company's sales fell, however, from 7.599 billion in 2009 to 6.862 billion euros in 2010. The company's EBIT fell compared with last year, in particular due to transfer of the natural gas pipeline network to subsidiary WINGAS TRANSPORT, from 392.3 billion to 284.6 billion euros. Profit after tax rose from 255.7 million to 302.6 million euros.
Continuing on growth course"We will stay on our growth course - and it will continue to be profitable," announced Gerhard König. For 2011 the previous year's sales are expected to be nearly achieved again - despite the same high competition pressure and the extraordinarily cold winter months in 2010. Sales in 2011 will probably rise slightly due to the oil-indexed higher gas prices. The company also intends to continue to strengthen Europe activities here.
Management of WINGAS
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"Fit for the future"
"I am convinced: There will no longer be a German, a European energy mix without a strong natural gas component," said WINGAS Chairman, Gerhard König, at the Annual Press Event in Salzburg. A record of the event is available on our YouTube channel.
Video of the Press Conference
More than 40 journalists from Germany, the Netherlands, Austria, Russia and the UK spoke with the members of the WINGAS management board about the importance of natural gas in the future European energy mix.
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