EVN surprises with a strong turn of sales despite the decline in electricity!

EVN surprises with a strong turn of sales despite the decline in electricity!

The listed energy supplier EVN from Lower Austria was significantly increased in the first half of 2024/25 both sales and the result. According to the current business figures, sales rose by 6.6 % to 1.73 billion euros, while the result climbed by an impressive 25.7 % to 250.6 million euros. Cooler weather favored the yields, especially among the distribution companies and the subsidiary EVN.

The EVN electricity generation fell by 10.2 % to 1,609 GWH compared to the previous year. The proportion of renewable energies in particular was reduced to 75.3 % after it was 82.9 % in the previous year. The production of renewable energies fell by 18.4 % to 1,212 GWh. Nevertheless, the expansion of wind power capacity by 22.2 MW to around 500 MW is now a positive signal. The photovoltaic capacity was also increased by 12.5 MWP to over 100 MWP.

investments and future projects

In order to meet the challenges of the market, the EVN relies on an extensive investment program that includes around 900 million euros annually. The commissioning of the wind farm in Paasdorf with an output of 22.2 MW is pending, and the planned construction of the biomass-power-heat coupling system in St. Pölten is also going well. In addition, the completion of the transport management of Krems to Zwettl is targeted for autumn 2025.

A special focus is on the planned separation from the WTE, with Strabag as a potential buyer. The nature filter system in Reisenberg is scheduled to go into operation in the summer of 2026, which underlines the EVN focus on sustainable solutions.

market analysis and outlook

The general market situation for renewable energies is currently promising. According to an analysis, the global market for renewable energies will grow to a volume of 5.98 terawatt by 2029, with an annual growth of 7.09 %. In particular, the Asia-Pacific region is identified as the fastest growing market, which could support EVN's strategies in the coming years, especially in the field of wind and solar energy.

For the current financial year, however, the EVN expresses a skeptical outlook. A result between 400 and 440 million euros is expected, although the previous year cannot be achieved with 471.7 million euros. The dividend remains stable at at least 0.82 euros per share, despite the decline in the distribution compared to the previous year (0.90 euros). The challenges due to increasing costs and intensive competition in the core markets are cited as main risks.

summarized, the current development of the EVN shows both positive and challenging aspects, which must particularly keep an eye on the strategic focus on renewable energies and infrastructure projects. While the numbers of the first six months are promising, the competitive environment and the cost development of energy prices require an agile reaction of the company.

For further details on the business development of the EVN, interested readers can find the information on Krone , Evn and see Mordor Intelligence