Revenue increased by 11.3% yoy to €1,664m, which is in line with consensus. However, earnings are better than expected, mainly boosted by positive results in Bulgaria and Macedonia, as the EBITDA reached €497.2m, increasing by 38.8% yoy and beating expectations by 3.22%. Operating profit reached €286.5m coming from negative territory a year ago due to impairments and was 6.6% above forecasts. Net income was also better than expected, by 2.9%, reaching €187.1m. The investme
27 Aug 2015
Short-term tailwind countered by a lower future tariff environment
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Short-term tailwind countered by a lower future tariff environment
EVN AG (EVN:WBO) | 0 0 1.6% | Mkt Cap: 2,928m
- Published:
27 Aug 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Revenue increased by 11.3% yoy to €1,664m, which is in line with consensus. However, earnings are better than expected, mainly boosted by positive results in Bulgaria and Macedonia, as the EBITDA reached €497.2m, increasing by 38.8% yoy and beating expectations by 3.22%. Operating profit reached €286.5m coming from negative territory a year ago due to impairments and was 6.6% above forecasts. Net income was also better than expected, by 2.9%, reaching €187.1m. The investme