EVN AG
Associated tags: EVN Group, EVN, Drinking water, Renewable energy, Electricity, EBITDA, Kilowatt-hour, EBIT, Financial result, EUR, Wind
Locations: ÖSTERREICH, NORDMAZEDONIEN, NEW YORK, NY, US, ÖSTERREICH, WALDVIERTEL, AUSTRIA, GERMANY, PROTTES, BAHRAIN, ROMANIA, KUWAIT, BULGARIA, POLAND
EQS-News: EVN AG: Business development in the first half of 2022/23
Revenue recorded by the EVN Group rose by 3.1% to EUR 2,192.6m in the first half of 2022/23.
- Revenue recorded by the EVN Group rose by 3.1% to EUR 2,192.6m in the first half of 2022/23.
- This increase was supported, above all, by price effects from renewable electricity generation, valuation effects from hedges and price adjustments at EVN Wärme.
- Growth was also recorded in the international project business through progress on the major project in Kuwait.
- Based on these developments, EBITDA recorded by the EVN Group rose by 11.0% year-on-year to EUR 466.4m in the first half of 2022/23.
EQS-News: EVN AG: Geschäftsverlauf im ersten Quartal des Geschäftsjahres 2022/23
EQS-News: EVN AG: Business development in the first quarter of 2022/23
Revenue recorded by the EVN Group rose by 30.3% to EUR 1,174.3m in the first quarter of 2022/23.
- Revenue recorded by the EVN Group rose by 30.3% to EUR 1,174.3m in the first quarter of 2022/23.
- This increase was supported, above all, by price effects in renewable generation, valuation effects of hedges and higher prices at EVN Wärme.
- Growth was also recorded in the international project business due to progress on the major project in Kuwait.
- Based on these developments, EBITDA recorded by the EVN Group rose by 39.6% year-on-year to EUR 281.7m in the first quarter of 2022/23.
EQS-News: EVN AG: Geschäftsverlauf im Geschäftsjahr 2021/22
EQS-News: EVN AG: Business development in the 2021/22 financial year
Revenue recorded by the EVN Group rose by 69.6% year-on year to EUR 4,062.2m in 2021/22.
- Revenue recorded by the EVN Group rose by 69.6% year-on year to EUR 4,062.2m in 2021/22.
- This sound development was supported by a number of individual effects: In South East Europe, the dramatic increase in electricity prices supported substantial growth in the energy distribution business.
- Other operating income in the previous year was positively influenced by non-recurring effects related to the Walsum 10 power plant.
- The cost of materials and services rose by 38.9% to EUR 707.1m in line with revenue growth in the international project business.
EQS-News: EVN AG: Geschäftsverlauf in den ersten drei Quartalen des Geschäftsjahres 2021/22
EQS-News: EVN AG: Business development in the first three quarters of 2021/22
Revenue recorded by the EVN Group rose by 64.6% to EUR 2,943.7m in the first three quarters of 2021/22 and was driven by a number of individual effects.
- Revenue recorded by the EVN Group rose by 64.6% to EUR 2,943.7m in the first three quarters of 2021/22 and was driven by a number of individual effects.
- In South East Europe, the sharp rise in electricity prices led to double-digit growth in the energy business.
- The cost of materials and services rose by 33.2% to EUR 478.5m in line with revenue growth in the international project business.
- Based on these developments, EBITDA recorded by the EVN Group fell by 11.8% year-on-year to EUR 578.1m in the first three quarters of 2021/22.
EQS-News: EVN AG: Geschäftsverlauf im ersten Halbjahr des Geschäftsjahres 2021/22
EQS-News: EVN AG: Business development in the first half of 2021/22
The market prices for base load and peak load electricity followed these trends with a significant increase in the first half of 2021/22.
- The market prices for base load and peak load electricity followed these trends with a significant increase in the first half of 2021/22.
- The cost of materials and services increased by 20.6% to
EUR 290.4m in line with the development of revenue in the international project business. - EBITDA recorded by the EVN Group fell by 21.6% year-on-year to EUR 420.2m in the first half of 2021/22.
- EVN expects Group net result of approximately EUR 200m to EUR 240m for the 2021/22 financial year.