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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