EVN Suffers from Business in Bulgaria

EnergyOil & Gas ♦ Published: February 28, 2013; 11:08 ♦ (Vindobona)

In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level

EVN Suffers from Business in Bulgaria / Picture: © Vindobona.org

Energy sector development
The reporting period failed to bring any improvement in the unfavourable conditions on the European electricity market or the weak economic environment. The relatively warm weather and an unexpected high supply of electricity from renewable energy sources led to a decline in the forward prices for electricity. In contrast, oil and natural…

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