EVN AG Reports Q1 2024/25 Results Amid Investment Programme

In its Q1 2024/25 report, EVN AG announced a slight revenue decline of 1.3% to EUR 804.1m, primarily due to decreased earnings from its renewable electricity marketing. Despite a stable capital structure, net debt increased to EUR 1,300.9m by December 31, 2024. EVN's ambitious EUR 900m annual investment programme targets infrastructure upgrades and renewables. The company has commissioned a new wind park in Paasdorf (22.2 MW) and plans further expansions. Additionally, 600 new e-charging points are set to be installed by 2028 through a partnership with XXXLutz.

The company's environmental and water projects are underway, including a natural filter plant in Reisenberg and a critical transport pipeline scheduled for completion in 2025. In energy, EVN's renewable generation mirrored last year's output, while thermal generation increased to stabilize the network. The group maintains its financial year outlook, expecting a net result between EUR 400m and EUR 440m, emphasizing a stable policy environment and consistent dividend plans.