EVN AG (0EEI) Q2 2025 Earnings Call

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WEBVTT 00:00:00.111 -- 00:00:04.975 Hello and good morning, ladies and gentlemen, and welcome to EVN's call regarding the 00:00:04.975 -- 00:00:10.979 results for the first half of the 2024-25 financial year. 00:00:11.020 -- 00:00:14.964 At this time, all participants have been placed on a listen-only mode. 00:00:14.964 -- 00:00:18.607 The floor will be open for questions following the presentation. 00:00:18.607 -- 00:00:22.809 Let me now turn the floor over to Alexandra Wittmann. 00:00:25.802 -- 00:00:30.786 Good morning everybody to EVN's conference call on the results for the first half of 00:00:30.786 -- 00:00:35.790 our current financial year. Our half-year results are solid and 00:00:35.790 -- 00:00:41.635 in line with expectations. Proof net profit came in at €250.6 00:00:41.635 -- 00:00:45.478 million. That's an increase of 26% 00:00:45.478 -- 00:00:50.847 compared to last year. These results clearly show that EVN's 00:00:50.847 -- 00:00:56.030 diversified business model provides stability and resilience, especially when 00:00:56.030 -- 00:01:01.052 external factors deviate from long-term averages, as we have seen 00:01:01.052 -- 00:01:06.054 with wind conditions. As a result, our renewable generation volumes 00:01:06.054 -- 00:01:11.677 were lower, despite the continued expansion of our wind and photovoltaic 00:01:11.677 -- 00:01:17.179 parks. On top of that, market prices for our own electricity generation 00:01:17.179 -- 00:01:20.487 have declined year on year. 00:01:20.487 -- 00:01:25.610 In contrast to those factors, winter temperatures were in line with the long-term 00:01:25.610 -- 00:01:30.994 average. This led to stronger energy demand compared to the milder weather 00:01:30.994 -- 00:01:36.478 we experienced last year. As a result, we saw positive d...