Revenue misses expectations, but profits beat from top to bottom. The positive start to the year’s performance for the company was achieved despite the 2.3% yoy decrease in revenue to €1,196.8m, as the fall in power prices from the purchase of third parties and cost reductions allowed EBITDA to grow by 10% yoy to €422.4m and operating profit +22.4% yoy to €290.7m, helping net revenue to achieve a +14.8% yoy increase to €189.9m. EVN’s strong results have positiv

26 May 2016
Cost reduction and network stability tools boost earnings

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Cost reduction and network stability tools boost earnings
EVN AG (EVN:WBO) | 0 0 1.6% | Mkt Cap: 2,928m
- Published:
26 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3 -
Revenue misses expectations, but profits beat from top to bottom. The positive start to the year’s performance for the company was achieved despite the 2.3% yoy decrease in revenue to €1,196.8m, as the fall in power prices from the purchase of third parties and cost reductions allowed EBITDA to grow by 10% yoy to €422.4m and operating profit +22.4% yoy to €290.7m, helping net revenue to achieve a +14.8% yoy increase to €189.9m. EVN’s strong results have positiv