Q1 2023 EVN AG Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the conference call on EVN's Results of the First Quarter of the 2022/2023 financial year. (Operator Instructions) Let me now turn the floor over to your host, Mr. Stefan Szyszkowitz.
Good morning, and welcome to the conference call of EVN's results for the first quarter of this current financial year. In the first quarter of this financial year, EVN achieved a solid financial performance despite some unfavorable framework conditions. The spirit still was remarked by distortions in the energy markets with historically high prices and volatility. In addition, the very mild weather in all of our 3 markets reflected the energy demand. These developments mainly influenced our equity consolidated company, EVN KG. The earnings contribution declined in the reporting period, it is expected to remain negative in the current financial year.
In line with our Strategy 2030, our ambitious investment program for the expansion of renewables is
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