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    EQS-News  193  0 Kommentare EVN AG: Business development in the first half of 2023/24

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    • Sound operating business development based on Strategy 2030
    • Continuing high volatility on energy markets
    • Revenue, EBITDA, EBIT, and Group net result below previous year

    EQS-News: EVN AG / Key word(s): Half Year Results
    EVN AG: Business development in the first half of 2023/24

    29.05.2024 / 07:30 CET/CEST
    The issuer is solely responsible for the content of this announcement.


    Highlights

    • Sound operating business development based on Strategy 2030 and diversified business model
    • Continuing high volatility on the energy markets
    • Very good wind and water flows for electricity generation
    • Installed photovoltaic capacity doubles to approximately 80 MWp
    • Two wind parks currently under construction:
      Sigless-Pöttelsdorf (8.4 MW; repowering), Paasdorf (22.2 MW)
    • Drinking water supplies: Completion of the natural filter plant in Obersulz
    • Investments in first half 2023/24 of about EUR 259mn for the transformation of the energy system
    • Conclusion of EUR 500m green credit line as strategic liquidity reserve
    • External ratings confirmed: Moody’s (A1, outlook: stable); Scope Rating (A+, outlook: stable)

     

    Energy sector environment

    The first half of the 2023/24 financial year was again influenced by very mild temperatures: For example, March 2024 was by far the warmest March in Austria since the start of recording. The heating degree total – which defines the temperature-related demand for energy – in all three EVN core markets was clearly below the long-term average and, in each case, also below the comparable prior year period.

    Water flows were very positive during the reporting period. The respective generation coefficients in Austria, North Macedonia and Germany were all clearly above the long-term average. Wind flows in Austria also exceeded the long-term average and were substantially higher year-on-year. In Bulgaria, wind flows were lower than the previous year. The prices for primary energy carriers and CO2 emission certificates as well as the market prices for base load and peak load electricity continued to decline as a result of the weaker economy. The feed-in of renewable energies has become a major influencing factor for the development of electricity prices and the prices for CO₂ emission certificates.

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    EQS-News EVN AG: Business development in the first half of 2023/24 EQS-News: EVN AG / Key word(s): Half Year Results EVN AG: Business development in the first half of 2023/24 29.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Highlights Sound operating business …