Slight fall in profits at Wien Energie

EnergyOil & Gas ♦ Published: December 24, 2010; 00:47 ♦ (Vindobona)

The municipal energy supplier achieved in the last fiscal year mostly stable results. Sales remained virtually unchanged.

Slight fall in profits at Wien Energie / Picture: © Wiener Stadtwerke

The past fiscal year 2009/10 brought for Wien Energie a sales increase of 0.3% to € 2.497bn, with unchanged prices. The annual net profit by 9% to € 78.6m, the profit on ordinary activities also fell by 9% and now stands at € 79.7m. The operating result (EBIT) fell by 18.3% to € 60.1m. Improvements were achieved by Wien Energy in financial results (+39.9%) and indebtness (from…