EVN AG (0EEI) Q1 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.912 Good morning, ladies and gentlemen, and welcome to EVM's results for the first quarter 00:00:03.912 -- 00:00:06.372 of the 2023-24 00:00:06.372 -- 00:00:11.613 financial year. At this time, all participants have been placed on a listen-only mode. 00:00:11.613 -- 00:00:14.914 The floor will be open for questions following the presentation. 00:00:14.914 -- 00:00:17.514 Let me now turn the floor over to Stefan Siskubic. 00:00:17.514 -- 00:00:19.854 Please go ahead. 00:00:20.895 -- 00:00:25.016 Welcome, everybody. Good evening. Conference call on the results for the first quarter 00:00:25.016 -- 00:00:27.878 of this current financial year. 00:00:27.878 -- 00:00:32.400 The first three months of this financial year were again marked by very mild weather 00:00:32.400 -- 00:00:37.882 conditions in all our three core markets, especially compared to the long-term average. 00:00:37.882 -- 00:00:43.204 We are also observing changes in consumer behavior towards a reduction in energy consumption 00:00:43.204 -- 00:00:47.786 through energy saving measures and increasing own generation volumes from customer-operated 00:00:47.786 -- 00:00:50.827 photovoltaic equipment as well. 00:00:50.827 -- 00:00:55.149 In addition to the weather and consumer-related effects, wholesale market prices are 00:00:55.149 -- 00:01:01.845 declining after the historical distortions in high volatility of the last few years. 00:01:01.845 -- 00:01:06.909 Despite these unfavorable conditions, we can report stable business development for this 00:01:06.909 -- 00:01:08.909 reporting 00:01:09.411 -- 00:01:14.135 period. Our 30-20-30 and our diversified business model are once again proving to be 00:01:14.135 -- 00:01:16.337 stabilizing factors. 00:01:16.337 -- 00:01:21.441 Our ...