EVN AG — Earnings Release 1999

Mar 30, 2000

News Details

Ad-hoc | 30 March 2000 08:35

Ad hoc-Service: EVN AG Burgenland Holding 1st

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— Business Development in the first quarter of 1999/00 (October 1,1999 – December 31, 1999) Positive share price performance at the Vienna Stock Exchange Excellent business development of its interests BEWAG and BEGAS The performance of Burgenland Holding AG is largely determined by the dividends derived from its stakes in BEWAG and BEGAS. In view of the fact that no dividends were paid in the first quarter, Burgenland Holding did not receive any earnings from its interests. The 11th Annual General Meeting of 20 December 1999 took the resolution to carry forward the net profit for the short year of 1999 to new account and thus to pay no dividends to its shareholders. It should be noted that Burgenland Holding invested about ATS 36 m (EUR 2.6 m) in its BEWAG and BEGAS interests over the past two financial years, thus significantly boosting the value of its assets. Burgenland Holding in the capital markets The Burgenland Holding share continued its satisfactory development during the reporting period and demonstrated an increase of 5,4 % in the first quarter 1999/00. At the end of the period, at December 30, the share peaked at EUR 53.75. Ownership structure As at December 31, 1999 EVN AG holds a 66.83 % interest in Burgenland Holding AG share capital, while Verbundkraft Elektrizitätswerke GmbH, Wiener Stadtwerke Beteiligungsmanagement GmbH and Burgenländische Elektrizitätswirtschafts-AG (BEWAG) have interests of between 5 and 10 %. The respective holdings of the remaining stockholders are less than 5 %. Ende der Mitteilung