EQS-Adhoc: EVN AG: EVN increases outlook for Group net result in 2022/23

EQS-Ad-hoc: EVN AG / Key word(s): Change in Forecast
EVN AG: EVN increases outlook for Group net result in 2022/23

08-Nov-2023 / 18:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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The Management Board of EVN AG, in connection with the ongoing
preparations of the annual financial statements, increases its outlook for
Group net result for the 2022/23 financial year, ending 30 September 2023,
to around EUR 530 million. 

This increase is driven by several factors: higher operating earnings
contributions from temporary anticipatory and subsequently recognised
effects in South Eastern Europe, a currently determined non-cash
revaluation effect as of the balance sheet date of the stake in the Ashta
power plant in Albania, the effects on earnings from equity accounted
investees and positive results from marketing of the Group’s own
generation in the past financial year. Despite these positive effects, the
result is impacted by the negative end customer business in electricity
and gas in Austria amounting to EUR 240 million. 

Investments in infrastructure with a focus on grids, renewable generation
and drinking water supply in the past financial year increased to around
EUR 700 million.

The earnings effects reflect the latest market developments as of the
balance sheet date and are subject to the finalisation and approval by the
auditor of the annual financial statements for the 2022/23 financial year,
which will be published on 14 December 2023.

Contact:
Gerald Reidinger
Head of Controlling and Investor Relations
Phone: +43 2236 200-12698
E-mail: investor.relations@evn.at

Stefan Zach
Head of Information and Communication
Phone: +43 2236 200-12294
E-mail: stefan.zach@evn.at

End of Inside Information

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08-Nov-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Phone: +43-2236-200-12294
E-mail: info@evn.at
Internet: www.evn.at
ISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1768735

 
End of Announcement EQS News Service

1768735  08-Nov-2023 CET/CEST

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