EVN AG (0EEI) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and welcome to EVN's conference call for the first three-quarter of 2025-2026 financial year. The conference will be recorded. 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 three quarters of our current financial year. The results we will present today are solid and fully in line with the developments we reported for the first six months of the financial year. Before we dive into the key financials and the segments, let me start with a few operational highlights. As in many parts of Europe, Austria experienced an exceptionally dry and extremely hot summer. As a result, hydrogeneration conditions were historically weak. In addition, the combination of heat waves and reduced base load from hydrogeneration led to increased volatility in intraday power prices. The weather developments we have seen this year demonstrate the importance of diversification and flexibility in the energy sector. Against this backdrop, we remain focused on expanding our renewable generation portfolio and enhancing flexibility through battery storage solutions. These measures Help us address the challenges associated with the transformation of the energy system, geopolitical uncertainties, and climate-related effects. In our generation portfolio, wind power is a key complement to hydropower. The expansion of our wind fleet is progressing according to plan. By the end of June, our installed wind capacity has reached 570 megawatts, and we are currently working on the construction of several new projects. And our project pipeline until 2030 remains ...