Higher Profits and Revenues at EVN

Businessn.a. ♦ Published: February 28, 2012; 10:59 ♦ (Vindobona)

The Austrian energy provider recorded a slight increase in profits (+1.8%) and revenues (+3.4%). EVN expects stable results in 2012.

Higher Profits and Revenues at EVN / Picture: © Vindobona.org

EVN generated total revenue of € 829.7m, a rise of 3.4% from the previous year. In the energy business the cold weather and the slight increase of end customer prices in South East Europe positively influenced the revenue development. In the environmental services business there was a revenue decline.

The positive revenue development was reflected in Group EBITDA despite higher…