EVN AG (0EEI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to EVN's results for the first half of the twenty twenty five-twenty twenty six 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 Alexander Wittmann. Thank you. Good morning, everybody, to EVN's conference call on the results for the first half of our current financial year. Overall, EVN's performance has been sound and in line with expectations. The main deviation from our planning assumptions were the below average wind and hydro conditions in the first six months. However, on group level, our diversified business model helped to offset such effect. Our generation segment suffered from these weaker generation conditions. Price levels for the marketing of own production also declined year on year. The contributions from the equity consolidated companies, RAC and Bungeland 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 Networks segment, which reflects the organic growth from growing investments into the electricity grids. In addition, our heating business in Austria and our operations in Southeastern Europe delivered a very solid performance in the first six months. Regarding recent geopolitical events, especially the Iran conflict, please note that our reporting period covers October through March. Therefore, any market volatility arising in March has not had a material impact on the results we are reporting today. I can confirm that we are fully on track to implement this year's investment program. We plan to invest up to...