EVN Reports Growing Results

EnergyEnergy Source ♦ Published: December 16, 2010; 18:10 ♦ (Vindobona)

The energy provider from Lower Austria could raise its EBIT by 6.9%. EBITDA grew by 11.6%. Revenues remained stable.

EVN Reports Growing Results / Picture: © Vindobona.org

The energy sector environment in the 2009/10 financial year (1 October 2009 – 30 September 2010) was characterised by lower temperatures in Austria and Macedonia and higher temperatures in Bulgaria. Due to the positive economic development, the prices for crude oil increased in the 2009/10 financial year. The natural gas prices decreased, however, due to continued large inventories…