Despite difficult market conditions, the group continues to provide positive bottom-line results as margins are improving due to the increase use of its thermal assets to support network stability from renewable volatility in Austria and Germany, offsetting the reduction in energy prices for natural gas and electricity. As a result, revenues decreased by 4.4% yoy to €573m, while EBITDA remained stable at €185m, and net income increased by 8% yoy to €78.8m. Due to an improvement

26 Feb 2016
No major surprises in the results, but future lower tariffs expected

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No major surprises in the results, but future lower tariffs expected
EVN AG (EVN:WBO) | 0 0 1.6% | Mkt Cap: 2,928m
- Published:
26 Feb 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
2 -
Despite difficult market conditions, the group continues to provide positive bottom-line results as margins are improving due to the increase use of its thermal assets to support network stability from renewable volatility in Austria and Germany, offsetting the reduction in energy prices for natural gas and electricity. As a result, revenues decreased by 4.4% yoy to €573m, while EBITDA remained stable at €185m, and net income increased by 8% yoy to €78.8m. Due to an improvement