EVN AG — Earnings Release 2002

May 28, 2002

News Details

Ad-hoc | 28 May 2002 08:02

EVN AG english

EVN AG development of business in the first half 2001/02 (Oct 1, 01-Mar 31, 02) Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 28 May 2002 EVN AG development of business in the first half of 2001/02 (October 1, 2001 – March 31, 2002) – Satisfactory increase in energy volumes sold. – Further improvement in sales revenues and results. – Purchase of a 9.4 % stake in Energie AG Oberösterreich. – Entry of Energie AG and BEWAG into EnergieAllianz. – Breakthrough to an Austrian power and gas industries solution. 2001/02 Change H. 1 % Volumes Electricity 1) GWh 3,503 +1.8 sold Gas 2) m m3 891 +2.8 Heating GWh 566 +8.5 Water m m3 10.5 +4.4 EUR m Sales revenues 689.9 +10.9 Operating result (EBIT) 160.0 +22.4 Result before tax 156.0 +13.9 1) Excluding electricity trading and sales to other electricity companies. 2) Excluding gas trading and sales to external power stations. Sales volumes and revenues EVN’s energy revenues during the period under review were considerably higher than those of the first half of last year. A total volume of EUR 643.5 m was achieved, which corresponds to an increase of 9.6 %. Other sales revenues were also up by 32.3 % as a result of the consolidation of evn wasser and expansion in the services area. In total, EVN sales revenues in the first half of 2001/02 amounted to EUR 689.9 m, a 10.9 % increase on the figure for the preceding year. Result Although faced by an overall rise in expenses, due to the increase in sales EVN successfully raised its operating result (EBIT) for the first half of 2001/02 by 22.4 % to EUR 160.0 m. The financial result of minus EUR 4.1 m was down on that of the previous year. All in all, EVN achieved a profit before tax of EUR 156.0 m, which was EUR 19.0 m, or 13.9 %, higher than the figure for the same period of 2000/01. Following the deduction of income tax and minority interests, a half-year result of EUR 100.5 m remains, which is EUR 14.5 m, or 4.7 %, up on the comparable figure of the preceding year. Outlook EVN CEO Rudolf Gruber, “In the past few weeks an important milestone was reached on the way towards the Austrian electricity and gas industries’ solution. Concerning gas and electricity, two joint companies will be responsible for the complete sourcing and servicing of major customers of all partner companies. This sustained consolidation is our preparation for the challenges of a liberalised European energy sector. Thus, we are able to exploit the possibilities that liberalisation offers us. Furthermore, EVN strengthens its position as a multi-service utility for energy, water and infrastructure in Lower Austria.” EVN’s 2001/02 Interim Letter to Shareholders can be downloaded from http://www.evn.at end of ad-hoc-announcement (c)DGAP 28.05.2002 ——————————————————————————– WKN: 074105; ISIN: AT0000741053; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt und München; Freiverkehr in Berlin, Hamburg und Stuttgart 280802 Mai 02