EVN AG (0EEI) Q4 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.071 -- 00:00:04.492 Good morning ladies and gentlemen and welcome to EVN's conference call for the results 00:00:04.492 -- 00:00:09.614 of the 2022-23 financial year. At this time all participants have been 00:00:09.614 -- 00:00:15.016 traced on a listen-only mode. The floor will be open for questions following the presentation. 00:00:15.016 -- 00:00:17.377 Let me now turn the floor over to Stefan Šeškovic. 00:00:17.377 -- 00:00:19.417 Please go ahead. 00:00:19.417 -- 00:00:25.201 Welcome everybody to EVN's conference call on the results for the financial year of 2022-23. 00:00:25.201 -- 00:00:30.483 The financial year 2022-2023 was remarked by very mild weather conditions 00:00:30.483 -- 00:00:35.524 in all our three core markets. We also observed a change in customer behavior towards 00:00:35.524 -- 00:00:40.186 a reduction in energy consumption through energy saving measures or even by generating 00:00:40.186 -- 00:00:42.886 their own energy from photovoltaics. 00:00:42.886 -- 00:00:48.068 These developments once again underpin the transition of the energy system. 00:00:48.068 -- 00:00:51.934 Let's come now to the eventful year's result of 2022-2023. 00:00:51.934 -- 00:00:56.016 In the reporting period, we achieved a strong financial performance. 00:00:56.016 -- 00:01:00.038 This comes as no surprise that we already communicated a new outlook at the beginning 00:01:00.038 -- 00:01:01.619 of November. 00:01:01.619 -- 00:01:06.662 Group Net Result amounted to 529.7 million euros, mainly due 00:01:06.662 -- 00:01:10.504 to earnings improvement at the Southeast European segment. 00:01:10.504 -- 00:01:15.687 Besides, that the significantly higher per-point dividend for their last financial year 00:01:15.687 -- 00:01:20.473 contributed 158 million euros ...