EVN AG

EVN AG reported a 21% year-over-year increase in group net result to EUR525.1 million for the first three quarters of fiscal 2025-2026, with EBITDA up approximately 5%. The company raised its full-year guidance for group net result to EUR470-490 million, reflecting positive one-off effects and strong performance. The Networks segment was a key driver, with EBITDA up 21% to EUR348 million, while the Generation segment saw a 42% decline to EUR76 million due to weak hydro conditions and lower prices. Net debt declined to EUR942 million, helped by the sale of the international project business, which contributed EUR206 million. CFO Alexandra Wittmann noted a negative fourth-quarter contribution of EUR35-55 million is expected due to seasonal factors, and confirmed plans to invest up to EUR1 billion annually until 2030.