Latest news with #EVNAG
Business Insider
4 days ago
- Business
- Business Insider
EVN AG (EVN) Receives a Buy from Kepler Capital
In a report released on June 3, Duarte Liquito Murta from Kepler Capital maintained a Buy rating on EVN AG (EVN – Research Report), with a price target of €33.00. The company's shares closed last Monday at €24.35. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Liquito Murta is ranked #3228 out of 9575 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EVN AG with a €29.00 average price target.
Yahoo
28-05-2025
- Business
- Yahoo
EVN AG (WBO:EVN) Half-Year 2025 Earnings Call Highlights: Strong Profit Growth Amid Market ...
Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EVN AG (WBO:EVN) reported a solid half-year net profit of 250.6 million, marking a 26% increase compared to the previous year. The company confirmed its full-year guidance, expecting group net results between 400 and 440 million, indicating a substantial step up in earnings levels. EVN AG (WBO:EVN) is on track with its investment program, with investments up by 23% to 318 million, aligning with its plan to invest 900 million annually until 2030. The company has successfully aligned its CO2 emission reduction targets with the 1.5-degree goal of the Paris Agreement, enhancing its ESG credentials. EVN AG (WBO:EVN) has signed a new cooperation to install and operate 600 e-charging points, reinforcing its position as a market leader in Austria's e-mobility infrastructure. Renewable generation volumes were lower due to unfavorable wind conditions, despite the expansion of wind and photovoltaic parks. Market prices for EVN AG (WBO:EVN)'s electricity generation have declined year on year, impacting revenue from renewable generation. The company experienced a drop in revenue from natural gas trading due to lower prices and volumes. Higher procurement costs in the regulated energy supply business in Southeast Europe increased the cost of electricity purchases. The generation segment faced revenue decreases due to declining market prices and lower generation volumes, with expected EBIT to be lower than last year. Warning! GuruFocus has detected 6 Warning Signs with WBO:EVN. Q: With the new Austrian government's EUR200 million targeted tax for the utility sector, how will this impact EVN, and what do you expect from the government regarding utility-related strategies? A: The energy crisis contribution for electricity has been extended to March 2030, but the exact impact on EVN is unclear. We estimate a low single-digit amount. We hope for clear regulations, including the new Electricity Act, to provide stability for our industry. Q: The decline in renewables generation was over 40%. Is this solely due to lower wind and water flows? A: Yes, the decline is mainly due to less wind and water. Q: Regarding your April 2025 presentation, is the annual network investment of EUR450 million realistic, or should we expect an increase due to inflation? A: We do not foresee a major increase in this number. Q: Can you provide more details on the WTE disposal timeline and any changes in terms of economics? Also, what are your plans for battery investments? A: Both parties are committed to the WTE transaction, though complex details require more time. We plan a 70-megawatt battery at our energy spot location in T. Q: Can you confirm the environment segment's outlook for EBIT between EUR10 and EUR20 million? A: Yes, the environment segment's result outlook is above the previous year, with an increase expected due to the absence of last year's receivable devaluation effect. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
