EVN AG (0EEI) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Evn Ag.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:01.162 -- 00:00:05.805 Good morning, ladies and gentlemen, and welcome to the EVN's conference call for the 00:00:05.805 -- 00:00:09.367 first quarter of 2024-2025 financial year. 00:00:09.367 -- 00:00:12.769 At this time, our participation has been placed on a listen-only mode. 00:00:12.769 -- 00:00:15.751 The floor will be open for questions following the presentation. 00:00:15.751 -- 00:00:19.772 Let me now turn the floor over to Alexandra Wittmann. 00:00:22.015 -- 00:00:26.718 Good morning, everybody, to EVN's conference call on the results for the first quarter 00:00:26.718 -- 00:00:32.173 of our current financial year. Today's results define EVN's 00:00:32.173 -- 00:00:37.777 new normal level of results together with our full year guidance, which we confirmed 00:00:37.777 -- 00:00:42.781 today. I would like to remind you that two years ago, a normal level 00:00:42.781 -- 00:00:48.226 for EVN's group net results were between 200 and 250 00:00:48.226 -- 00:00:53.270 million euros. We now see such normal levels between 400 and 440 million euros, which 00:00:53.270 -- 00:00:55.590 is our out 00:00:57.292 -- 00:01:02.473 for this financial year, which means a substantial step up in the group's 00:01:02.473 -- 00:01:04.333 earnings levels. 00:01:04.333 -- 00:01:09.834 The past two financial years were extraordinary due to the unusually high electricity 00:01:09.834 -- 00:01:15.555 prices, which pushed results from generation to levels which are not sustainable 00:01:15.555 -- 00:01:20.196 at current, much lower electricity prices. 00:01:21.196 -- 00:01:26.669 We are well on track to reach our renewable expansion targets by 2030. 00:01:26.669 -- 00:01:31.691 In December, our installed wind capacity reached a historic milestone 00:01:31.691 -- 00:01:37.294...