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EVN Posts Mixed Results

Published: December 13, 2012; 12:20 · (Vindobona)

The Austrian energy company records an increase in revenues. EBIT fell by 7.0%, net profits grow slightly. Outlook 2012/13: Group net profit is expected to be on the prior-year level.

EVN Posts Mixed Results / Picture: ©

Energy sector development
In the financial year 2011/12, the crude oil price mainly rose due to the ongoing strong demand in Asia, and the continuing conflict between Iran and the Western industrialised nations. The price of natural gas, which is linked to the crude oil price, also rose. Despite the natural gas price revisions, there were increasing differences…

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