EVN EVN AG

EQS-News: EVN AG: EVN Investor Webcast 2024: Extensive information for investors and analysts

EQS-News: EVN AG / Key word(s): Miscellaneous
EVN AG: EVN Investor Webcast 2024: Extensive information for investors and analysts

02.10.2024 / 16:03 CET/CEST
The issuer is solely responsible for the content of this announcement.


Today’s webcast by EVN‘s Executive Board – Stefan Szyszkowitz, CEO, Alexandra Wittmann, CFO and Stefan Stallinger, CTO – provided institutional investors and analysts with an update on the Strategy 2030, the current investment programme, and medium-term financial goals at the segment and group level. 

Climate change and the resulting effects are fundamentally changing the framework conditions for the entire energy sector. Against this backdrop, EVN has increased its ambitious investment programme and now plans to invest 900 million euros per year by 2030. The focal points will include the expansion of the network infrastructure, renewable generation (above all for wind power and photovoltaics), and drinking water supplies. EVN is also targeting further growth in new business areas, e.g. the charging structure for e-mobility and services for renewable energy communities. Other projects involve new, innovative business models like the management of large-scale battery storage facilities. 

The presentation is available for download on our website under . 


02.10.2024 CET/CEST This Corporate News was distributed by EQS Group AG.


Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Phone: 294
E-mail:
Internet:
ISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2000879

 
End of News EQS News Service

2000879  02.10.2024 CET/CEST

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EN
02/10/2024

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EVN : Defensive value play offering high visibility on regulated earni...

As a diversified integrated utility company with a high share of regulated earnings (64% of 2023/.24 EBITDA), a strong balance sheet (1.4x 2023/24 net debt/EBITDA) and high visibility on regulated earnings growth, EVN offers a compelling defensive investment case. The group’s planned investments in the expansion of its Lower Austrian electricity grid and renewable assets portfolio could increase regulated EBIT by c. € 150m until 2030e. EVN’s 12.63% stake in Verbund AG, the second-largest Europea...

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