Austria · Delayed Price · Currency is EUR EVN AG Earnings Call Transcripts
Fiscal Year 2026
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First-half results showed solid growth in revenue, EBITDA, and net income, driven by strong network and heating segments, while generation was impacted by weak wind and hydro conditions. Major investments and asset sales improved financial flexibility, with guidance for the year reaffirmed.
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Q1 results met expectations, with strong network and Southeast Europe segments offsetting weaker generation due to low wind/hydro and prices. €1 billion annual CapEx continues, and full-year net result is guided at €430–480 million.
Fiscal Year 2025
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Revenue grew 3.8% to EUR 3 billion, with EBITDA up 19% and net result down 7% due to lower dividends. Investments exceeded EUR 900 million, with a new annual CapEx plan of EUR 1 billion and a dividend policy targeting EUR 1.10 per share by 2029-30. Guidance for 2025-26 expects stable results.
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EBIT rose 18% year-on-year, but group net result fell 9% due to lower financial results. Revenue grew 5% to EUR 2.4 billion, and CapEx increased 22% to EUR 535 million. Full-year guidance and investment plans are confirmed, with stable outlook for key segments.
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Net profit rose 26% year-over-year to EUR 250.6 million, with strong network and district heating performance offsetting lower renewable generation and electricity prices. Full-year guidance is confirmed at EUR 400–440 million, with robust investment and ESG progress.
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Q1 results show normalized earnings with net result down 19.7% year on year, but full-year guidance of EUR 400–440 million is confirmed. Investments and renewables expansion remain on track, with strong liquidity and a higher dividend proposed.
Fiscal Year 2024
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Revenue declined 13.6% year-over-year to EUR 3.3 billion, but renewables share in generation rose to nearly 85%. Net result was EUR 471.7 million, with a proposed dividend of EUR 0.90 per share. Investments and renewable expansion remain key priorities.
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Revenue declined 13.9% year-over-year due to lower wholesale prices, but EBITDA and net results improved, driven by strong renewable generation and favorable regulatory effects in Southeast Europe. Investments remain focused on renewables and network infrastructure.