Burgenland Holding: Solid year despite geopolitical challenges

Burgenland Holding: Solid year despite geopolitical challenges

The Burgenland Holding Aktiengesellschaft has reported a “solid financial year” in its recently published annual financial report for the 2023/24 financial year, which ended on September 30. The annual surplus was 11.7 million euros and is therefore slightly above the previous year's value of 11.4 million euros. The participation income developed stably, whereby Burgenland Energie contributed 11.3 million euros to this result. In a further positive message, the company plans to release a dividend of EUR 3.85 per share, which represents an increase compared to the 3.80 euros of the previous year, such as ORF Burgenland reported .

Despite these positive key figures, the Burgenland Holding share was not able to keep up with the international stock indices in 2023/24 and closed at 71.5 euros, which corresponds to a decrease of 0.7 percent compared to the previous year. In addition, the board repeated that Burgenland Energie AG expects an extraordinary evaluation effects adjusted at a stable level for the current financial year 2023/24. For the financial year 2024/25, almost stable participation income is assumed, according to the report, the Market Screener published .

The total assets of Burgenland Holding were 82 million euros on the cut -off date. The equity ratio remained constant, and overall, positive growth in the coming years will be forecast. The Burgenland Holding, in which EVN AG is majority with 73.6 percent, is optimistic about the financial stability despite the geopolitical challenging framework, which can also be felt in the industry.