EVN released a solid set of H! figures (September-ending fiscal year), beating our expectations. The group’s EBIT was up by 10.3% yoy as it benefited from the commissioning of a new wastewater treatment plant in Kuwait, as well as favourable weather conditions in Austria which drove energy prices and volumes higher.
FY20/21 guidance confirmed, but now considered to be conservative in the light of the solid start to the year.
Positive view confirmed.
27 May 2021
Satisfying H1 20/21 driven by favourable weather
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Satisfying H1 20/21 driven by favourable weather
EVN released a solid set of H! figures (September-ending fiscal year), beating our expectations. The group’s EBIT was up by 10.3% yoy as it benefited from the commissioning of a new wastewater treatment plant in Kuwait, as well as favourable weather conditions in Austria which drove energy prices and volumes higher.
FY20/21 guidance confirmed, but now considered to be conservative in the light of the solid start to the year.
Positive view confirmed.