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EVN AG Earnings Release 2019
742_iss_2019-10-21_3e1ee071-7079-4653-8984-a71b96ecbe3b.pdf
Earnings Release
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DGAP-Ad-hoc: EVNAG/ Keyword(s):Change in Forecast EVNAG: EVNincreases outlook for theGroup net result 2018/19
21-Oct-2019 / 18:42 CET/CEST Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG. The issuer is solelyresponsible for the content of this announcement.
The management board of EVNAGincreases its outlook for theGroup net result of the financial year 2018/19 ended 30 September 2019 to an area of approximatelyEUR300 million.
The increase of the outlook reflects in particular non-cash effects from impairment tests thatwere determined in the course of preparing the annual report and total approximatelyEUR125 million after taxes. These revaluations result from the decreased market interest rate level and increased electricityprice expectations and relate in particular to renewable energyproduction facilities whose value has in the past decreased and to customer bases in Bulgaria and Northern Macedonia.
The determined effects on results are a subject of the annual report for the financial year 2018/19,which has yet to be finalized and confirmed bythe auditors and will be published on 12 December 2019.
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]
21-Oct-2019 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: Company: |
English 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) Vienna Stock Exchange (Official Market) |
| EQSNews ID: | 893635 |
End ofAnnouncement DGAPNews Service