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EVN AG — Earnings Release 2017
Nov 9, 2017
742_iss_2017-11-09_54b3cb7e-2130-449a-8a10-f5e00a5580f3.pdf
Earnings Release
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DGAP-Ad-hoc: EVNAG/ Keyword(s):Change in Forecast EVNAG:Ad-hoc-announcement: EVNraises its outlook for theGroup net result 2016/17
09-Nov-2017 / 08:36 CET/CEST
Disclosure of an inside information acc. toArticle 17 MAR, transmitted byDGAP- a service of EQSGroupAG. The issuer is solelyresponsible for the content of this announcement.
The Executive Board of EVNAGraises its outlook for theGroup net result of the business year ending on 30 September 2017. Based on available preliminaryresults and subject to the as-yet to be completed audit of the consolidated financial statements bythe auditors, Group net result of approximatelyEUR250 million is expected. Thus far, the expectation was that theGroup would achieve an increase over the prior year's results (EUR156.4 million) byan amount approximating the EUR38 million one-off effect from the previously announced settlementwith the state-owned Bulgarian energycompanyNEK.
The higherGroup net result currentlyexpected is the result of a number of positive effects.As of the balance sheet date, valuations of hedging transactions, provisions and liabilities had a positive effect on theGroup net result,while unusual seasonal weather conditions resulted in higher network distribution and energysales volumes, particularlyalso in the summer months,which led to operative improvements in the energybusiness thatwere further enhanced through operative cost savings.
Based on these preliminarilyexpected consolidated results, managementwill recommend to the annual general shareholder meeting on 18 January2018 a dividend of EUR0.44, as well as a one-time bonus dividend of EUR0.03, per share for the 2016/17 business year.
The annual report for the 2016/17 business year will be published on 14 December 2017.
Contact: Gerald Reidinger Head ofControlling and Investor Relations Phone: +43 2236 200-12698 E-mail: [email protected]
Stefan Zach Head of Information and Communication Phone: +43 2236 200-12294 E-mail: [email protected]
09-Nov-2017 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.
Archive atwww.dgap.de
| Language: | English |
|---|---|
| Company: | EVNAG |
| EVNPlatz | |
| 2344 Maria Enzersdorf | |
| Austria | |
| Phone: | +43-2236-200-12294 |
| E-mail: | [email protected] |
| Internet: | www.evn.at |
| ISIN: | AT0000741053 |
| WKN: | 074105 |
| Indices: | ATX |
| Listed: | Foreign Exchange(s) Wien (Amtlicher Handel /Official Market) |
End ofAnnouncement DGAPNews Service