The group has published its Q1 results, confirming its positive trend as its revenues increased 6% yoy to €607m driven mainly by a greater use of its thermal plants to support network stability and below-average tempertures in South Eastern Europe. Due to this and positive cost optimisation measures, EBITDA grew by 18.8% yoy to €220m. The group booked €29m of impairments as a hydropower plant project in Bulgaria has been put on hold, but positive effects on interest income redu
28 Feb 2017
Growth across all business segments in the first quarter
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Growth across all business segments in the first quarter
EVN AG (EVN:WBO) | 0 0 1.6% | Mkt Cap: 2,928m
- Published:
28 Feb 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has published its Q1 results, confirming its positive trend as its revenues increased 6% yoy to €607m driven mainly by a greater use of its thermal plants to support network stability and below-average tempertures in South Eastern Europe. Due to this and positive cost optimisation measures, EBITDA grew by 18.8% yoy to €220m. The group booked €29m of impairments as a hydropower plant project in Bulgaria has been put on hold, but positive effects on interest income redu