EVN Reports Decline in Profit

EnergyEnergy Source ♦ Published: December 15, 2011; 10:57 ♦ (Vindobona)

The Austrian energy group achieved net profit of € 189.7m in the 2010/11 financial year, a decline of 8.4% from the previous year.

EVN Reports Decline in Profit / Picture: © Vindobona.org

During the period under review (October 1st, 2010 – September 30th, 2011), EVN total revenue of € 2,729.2m remained slightly below the prior-year level. The environmental services business achieved significant revenue growth as a result of its increased project activities, but this could not fully compensate for the decrease in the energy business.

The sustainable structural…