EVN AG (0EEI) Q3 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.132 -- 00:00:04.613 Good morning ladies and gentlemen and welcome to EVN's conference call for the first 00:00:04.613 -- 00:00:07.434 three-quarter of 2025-2026 00:00:07.494 -- 00:00:10.735 financial year. The conference will be recorded. 00:00:10.735 -- 00:00:14.396 At this time all participants have been placed on a listen-only mode. 00:00:14.396 -- 00:00:17.857 The floor will be open for questions following the presentation. 00:00:17.857 -- 00:00:22.178 Let me now turn the floor over to Alexandra Wittmann. 00:00:25.178 -- 00:00:30.320 Good morning everybody to EVN's conference call on the results for the first three quarters 00:00:30.320 -- 00:00:36.163 of our current financial year. The results we will present today are solid 00:00:36.163 -- 00:00:41.585 and fully in line with the developments we reported for the first six months of the financial 00:00:41.585 -- 00:00:43.106 year. 00:00:43.106 -- 00:00:48.408 Before we dive into the key financials and the segments, let me start 00:00:48.408 -- 00:00:51.769 with a few operational highlights. 00:00:51.769 -- 00:00:57.115 As in many parts of Europe, Austria experienced an exceptionally dry 00:00:57.115 -- 00:01:02.458 and extremely hot summer. As a result, hydrogeneration conditions 00:01:02.458 -- 00:01:07.801 were historically weak. In addition, the combination of heat waves 00:01:07.801 -- 00:01:11.343 and reduced base load from hydrogeneration 00:01:11.343 -- 00:01:16.528 led to increased volatility in intraday power prices. 00:01:16.528 -- 00:01:21.831 The weather developments we have seen this year demonstrate the importance 00:01:21.831 -- 00:01:23.592 of diversification 00:01:23.592 -- 00:01:28.674 and flexibility in the energy sector. Against this backdrop, we 00:01:28.674 -- 00:01:33.677 re...