EVN reported better than expected results, despite persisting distortions on internal energy markets combined with unfavourable framework conditions, with revenues up by 30.3% to €1,174 bn. Although the group managed to benefit from high prices on energy markets and volatility, as well as valuation effects on the hedging positions, it also suffered from mild weather conditions in all markets, leading to lower energy demand, but also from a negative earnings contribution from its energy supply en ....

24 Feb 2023
Q1-2022/23: Strong earnings, despite continued distortions in the energy markets

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Q1-2022/23: Strong earnings, despite continued distortions in the energy markets
EVN reported better than expected results, despite persisting distortions on internal energy markets combined with unfavourable framework conditions, with revenues up by 30.3% to €1,174 bn. Although the group managed to benefit from high prices on energy markets and volatility, as well as valuation effects on the hedging positions, it also suffered from mild weather conditions in all markets, leading to lower energy demand, but also from a negative earnings contribution from its energy supply en ....