EVN AG (0EEI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to EVN's conference call for the first quarter 2025-26 financial year. At this time, all participants have 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. At first glance, today's results are fully in line with expectations, but they also show how important EVN's diversification is. Our diversified business model helped to offset challenges caused by difficult framework conditions. Our generation segment suffers from below average wind and hydro conditions. Price levels for the marketing of own production also declined year on year. The contributions from the equity consolidated companies, RAC and Burgenland Energy, were also lower. RAC's results returned to a normalized level after last year's exceptional performance. These negative developments were contrasted by, above all, a substantially better performance of the network segment, which reflects the organic growth from growing investments into the electricity grid. The implementation of our CAPEX program is in full swing. I confirm that we are committed to invest about a billion euros per annum until 2030. We are also well on track to reach our expansion targets as is evidenced by the progress made during Q1. As of end December, total wind capacity increased to 561 MW installed capacity. Our 2030 target is 770 MW. PV increased to 133 MWp. Here, the target is 300 MW. And our battery storage is currently at 12 MW and shall increase to 300 by the end of the decade. We just completed the procurement for a 70 megawatt battery storage facility, which w...