EVN AG (0EEI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the EVN's conference call for the first quarter of 2024-2025 financial year. At this time, our participation has been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to Alexandra Wittmann. Good morning, everybody, to EVN's conference call on the results for the first quarter of our current financial year. Today's results define EVN's new normal level of results together with our full year guidance, which we confirmed today. I would like to remind you that two years ago, a normal level for EVN's group net results were between 200 and 250 million euros. We now see such normal levels between 400 and 440 million euros, which is our out for this financial year, which means a substantial step up in the group's earnings levels. The past two financial years were extraordinary due to the unusually high electricity prices, which pushed results from generation to levels which are not sustainable at current, much lower electricity prices. We are well on track to reach our renewable expansion targets by 2030. In December, our installed wind capacity reached a historic milestone of 500 megawatts, which corresponds to an average annual wind generation of 1.3 terawatt hours. We are currently working on further new wind and photovoltaic projects. I can therefore confirm our targets. We aim to expand wind power capacity from 500 to 770 megawatts. and PV from about 100 to 300 MW peak till 2030. The ongoing evolvement of a renewable energy system offers new business opportunities for ALN. We strongly believe in the growing importance of sector coupling for renewable energy, especially in the transportation sector. Therefore, we will invest up to 100 million eu...