Q3 2020 EVN AG Earnings Call Transcript
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.
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.
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