EVN Profit Rises 20.8 Percent to EUR 525 Million – Forecast Raised

The group's core markets are Austria, Bulgaria, and North Macedonia. In all three regions, climatic conditions for hydropower and wind power were below the previous year's average. EVN offset this weakness through additional capacities and a better mix of generation plants.

The company, headquartered in Maria Enzersdorf in Lower Austria, is one of the largest municipal energy suppliers in Austria. In addition to electricity generation and distribution, EVN is also active in the areas of heat, gas, networks, waste management, and telecommunications.

In the Networks and Infrastructure segment, EVN is continuously investing in the expansion of transmission and distribution networks, including jointly with the Austrian transmission system operator APG. These investments are considered a prerequisite for integrating more renewable energy into the system.

Holdings in APG, RAG, Speed Connect, and Burgenland Energie

In addition, EVN holds stakes in several companies, including RAG, Speed Connect, and Burgenland Energie. The holdings extend to natural gas storage, fiber optic networks, and regional energy generation. They are intended to secure additional earnings and broaden value creation within the group.

The Theiss power plants in Lower Austria have formed the backbone of domestic hydropower production for decades. In recent reporting periods, however, they had to accept losses because the water flow of the Danube and its tributaries was below the long-term average.

Outlook: Raised Forecast for 2025/26

The group is responding to climatic fluctuations with a mix of pumped-storage and run-of-river power plants, wind farms, and photovoltaics. This diversified portfolio is intended to cushion the volatility of individual weather conditions and increase supply security.

By raising the forecast for the current 2025/26 fiscal year, management is signaling that, despite the difficult energy-economic framework conditions, it expects continued positive business development. Observers interpret the outlook as a sign of the robustness of the business model.

The group's revenue also increased during the reporting period. EVN traditionally publishes details on the individual business segments in the full annual report, which is expected to appear in the coming weeks.

With a view to the international portfolio, EVN operates both network infrastructure and generation plants in Bulgaria and North Macedonia. Both markets are considered growth areas, as the countries want to modernize their electricity grids and increase the share of renewable energies.

Shareholders reacted cautiously positively to the figures. On the Vienna Stock Exchange, the EVN share rose slightly, which analysts attributed, among other things, to the raised forecast and stable profit growth.

For the current fiscal year, EVN has announced further investments in the expansion of renewable generation capacities and in grid stabilization. This is intended to lay the foundation for continued stable earnings development.