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MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  EVN AG    EVN   AT0000741053

EVN AG

(EVN)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 01/25 01:10:29 pm
20.625 EUR   +1.10%
2020DGAP-AGM : EVN AG: Convocation of the 92nd Annual -3-
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2020DGAP-AGM : EVN AG: Convocation of the 92nd Annual -4-
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2020DGAP-AGM : EVN AG: Convocation of the 92nd Annual -2-
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EVN AG: EVN decreases outlook for the Group net result 2019/20

04/29/2020 | 01:15pm EST

DGAP-Ad-hoc: EVN AG / Key word(s): Change in Forecast
EVN AG: EVN decreases outlook for the Group net result 2019/20

29-Apr-2020 / 19:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The management board of EVN AG decreases its outlook for the Group net result of the current financial year 2019/20. Assuming average conditions in the energy market in the second half of the year, EVN expects a Group net result in a range of EUR 180 million to EUR 200 million (so far EUR 200 million to EUR 230 million).

The impairment testing conducted in connection with the preparation of the half-year report as of 31 March 2020 results in negative non-cash effects totalling around EUR 15 million after taxes. Against the background of increased country risk premiums as a result of the COVID-19 pandemic, the weighted average costs of capital used for the valuation of fixed assets have risen. The resulting impairments relate to energy production facilities in South East Europe and the customer base in North Macedonia.

Also due to COVID-19, the execution of the agreement for the completion of the wastewater treatment project in Kuwait is delayed, however, it is still expected in the course of this financial year. Therefore, the start of construction will be delayed, which reduces the expected contribution to this financial year's result.

The letter to shareholders for the first half-year 2019/20 will be published on 28 May 2020.




Contact:
Gerald Reidinger
Head of Controlling and Investor Relations
Phone: +43 2236 200-12698
E-mail: investor.relations@evn.at

Stefan Zach
Head of Information and Communication
Phone: +43 2236 200-12294
E-mail: stefan.zach@evn.at

29-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Austria
Phone: +43-2236-200-12294
E-mail: info@evn.at
Internet: www.evn.at
ISIN: AT0000741053
WKN: 074105
Indices: ATX
Listed: Foreign Exchange(s) Vienna Stock Exchange (Official Market)
EQS News ID: 1033249

 
End of Announcement DGAP News Service

1033249  29-Apr-2020 CET/CEST

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© EQS 2020
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Sales 2021 2 319 M 2 814 M 2 814 M
Net income 2021 227 M 275 M 275 M
Net Debt 2021 803 M 974 M 974 M
P/E ratio 2021 15,9x
Yield 2021 2,40%
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EV / Sales 2021 1,91x
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Nbr of Employees 7 428
Free-Float 19,6%
Chart EVN AG
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EVN AG Technical Analysis Chart | EVN | AT0000741053 | MarketScreener
Technical analysis trends EVN AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 22,60 €
Last Close Price 20,40 €
Spread / Highest target 26,5%
Spread / Average Target 10,8%
Spread / Lowest Target -1,96%
EPS Revisions
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NameTitle
Stefan Szyszkowitz Chief Executive Officer
Bettina Glatz-Kremsner Chairman-Supervisory Board
Reinhard Meißl Member-Supervisory Board
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