Aug 27, 2020 / 08:00AM GMT
Operator
Good morning, ladies and gentlemen, and welcome to the conference call on EVN's results for the first 3 quarters of the 2019/2020 financial year. (Operator Instructions)
Let me now turn the floor over to your host, CEO, Mr. Stefan Szyszkowitz.
Stefan Szyszkowitz - EVN AG - CFO & Spokesman of the Executive Board
Good morning, and welcome to the conference call on EVN's results for the first 3 quarters of the '19/'20 financial year.
We are reporting sound results today. Group net result for the period is up by 25.2%. EBITDA and EBIT also exceed prior year's level. This positive development was mainly supported by the recovery of our supply company, EVN KG. After implementing 2 price increases in 2018/'19 and changing the methodology for accounting of hedges, we managed to bring the operational result of the equity consolidated company, EVN KG, back to a normalized level.
Therefore, I can confirm our full year guidance. We expect group net result for the '19/'20 financial year to range between EUR 180 million and EUR 200 million.
Q3 2020 EVN AG Earnings Call Transcript
Aug 27, 2020
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