The company announced in a press release on Thursday that consolidated earnings rose from EUR 209.6 million to EUR 529.7 million. This is due in particular to earnings growth in Southeastern Europe, the higher dividend from Verbund AG and positive earnings contributions from renewable electricity generation.
The operating result also increased. Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed by 15.1 percent to 869 million euros in the reporting period, while operating profit (EBIT) increased from 331.6 million to 528.5 million euros. The financial result also turned positive at 127.6 million euros, which had been minus 30.5 million euros in the previous year. The main reason for this was Verbund AG’s significantly higher dividend of EUR 3.60 per share for the 2022 financial year. Sales revenue was slightly lower, falling by 7.2 percent to around 3.77 billion euros.
For the 2022/23 financial year, the board of directors wants to propose to the general meeting a dividend of 0.52 euros per share plus a special dividend of 0.62 euros per share, for a total of 1.14 euros per share. As EVN announced in the broadcast, the dividend should be at least 0.82 euros per share until 2030 and beyond. In the 2023/24 financial year, management is targeting consolidated earnings in the range of 420 to 460 million euros.
