Austria · Delayed Price · Currency is EUR EVN AG Earnings Call Transcripts
Fiscal Year 2026
-
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.
-
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
-
Solid financial performance with EBIT up 21% and net result at EUR 437 million, supported by strong network and Southeast Europe segments. CapEx ramped up to EUR 1 billion annually, with a new dividend policy and 2030 EBITDA target of EUR 1.1-1.2 billion.
-
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.
-
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.
-
Q1 results show normalized earnings with net income down 19.7% year-on-year, but full-year guidance is confirmed at EUR 400–440 million. Investments in renewables and infrastructure remain strong, and the sale of the international project business is progressing.
Fiscal Year 2024
-
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.
-
Revenue declined 13.9% year-over-year due to lower wholesale prices, but net result reached €479.6 million, with strong renewable generation and improved financial results. Outlook for the year is at the upper end of €420–460 million, with continued high investment in renewables and networks.