EVN AG (0EEI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and good morning, ladies and gentlemen, and welcome to EVN's call regarding the results for the first half of the 2024-25 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 half of our current financial year. Our half-year results are solid and in line with expectations. Proof net profit came in at €250.6 million. That's an increase of 26% compared to last year. These results clearly show that EVN's diversified business model provides stability and resilience, especially when external factors deviate from long-term averages, as we have seen with wind conditions. As a result, our renewable generation volumes were lower, despite the continued expansion of our wind and photovoltaic parks. On top of that, market prices for our own electricity generation have declined year on year. In contrast to those factors, winter temperatures were in line with the long-term average. This led to stronger energy demand compared to the milder weather we experienced last year. As a result, we saw positive developments, particularly in our Austrian network and district heating businesses. Based on the overall sound performance in the first six months, I can confirm today that Our full year guidance. We expect group net results in a range between 400 and 440 million euros, subject to a stable regulatory and energy policy environment. I would like to remind you that only three to four years ago, a normal level for EEN's group net results were between 200 and 250 million euros. We now see such normal levels between 400 and 440 million euros, which means a su...