The group has provided some solid Q3 results given the market conditions as revenues decreased 2.9% yoy to €1,616.6m as low water and wind inflows were compensated by a 24% yoy increase in thermal generation to support network stability. In addition, operational improvements, cost-cutting measures and the strong performance of the Austrian network have all led to a 3.3% margin improvement, so that EBITDA increased by +5.7% yoy to €525.4m and operating profit rose 4.5% to €299.3
25 Aug 2016
Grid stability and Austrian network performance support Q3 results
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Grid stability and Austrian network performance support Q3 results
EVN AG (EVN:WBO) | 0 0 1.6% | Mkt Cap: 2,928m
- Published:
25 Aug 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has provided some solid Q3 results given the market conditions as revenues decreased 2.9% yoy to €1,616.6m as low water and wind inflows were compensated by a 24% yoy increase in thermal generation to support network stability. In addition, operational improvements, cost-cutting measures and the strong performance of the Austrian network have all led to a 3.3% margin improvement, so that EBITDA increased by +5.7% yoy to €525.4m and operating profit rose 4.5% to €299.3