EVN AG (0EEI) Q1 2026 Earnings Call

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WEBVTT 00:00:01.401 -- 00:00:06.444 Good morning, ladies and gentlemen, and welcome to EVN's conference 00:00:06.444 -- 00:00:09.825 call for the first quarter 00:00:09.886 -- 00:00:15.370 2025-26 financial year. At this time, all participants have been placed 00:00:15.370 -- 00:00:21.914 on a listen-only mode. The floor will be open for questions following the presentation. 00:00:21.914 -- 00:00:27.416 Let me now turn the floor over to Alexandra Wittmann. 00:00:29.245 -- 00:00:34.029 Good morning, everybody, to EVN's conference call on the results for the first quarter 00:00:34.029 -- 00:00:36.531 of our current financial year. 00:00:36.531 -- 00:00:41.876 At first glance, today's results are fully in line with expectations, 00:00:41.876 -- 00:00:46.740 but they also show how important EVN's diversification is. 00:00:46.740 -- 00:00:51.885 Our diversified business model helped to offset challenges caused by 00:00:51.885 -- 00:00:54.826 difficult framework conditions. 00:00:54.826 -- 00:01:00.130 Our generation segment suffers from below average wind and hydro conditions. 00:01:00.130 -- 00:01:05.493 Price levels for the marketing of own production also declined year on year. 00:01:05.493 -- 00:01:10.617 The contributions from the equity consolidated companies, RAC and Burgenland 00:01:10.617 -- 00:01:16.101 Energy, were also lower. RAC's results returned to a normalized level 00:01:16.101 -- 00:01:19.343 after last year's exceptional performance. 00:01:19.343 -- 00:01:25.175 These negative developments were contrasted by, above all, a substantially 00:01:25.175 -- 00:01:30.458 better performance of the network segment, which reflects the organic growth 00:01:30.458 -- 00:01:35.139 from growing investments into the electricity grid. 00:01:36.160 -- 00:01:40.022 The i...