DGAP-Adhoc: EVN AG: Ad-hoc-announcement: EVN raises its outlook for the Group net result 2016/17
09.11.2017 (www.4investors.de) -
DGAP-Ad-hoc: EVN AG / Key word(s): Change in Forecast
EVN AG: Ad-hoc-announcement: EVN raises its outlook for the Group net result 2016/17
09-Nov-2017 / 08:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Executive Board of EVN AG raises its outlook for the Group net result of the business year ending on 30 September 2017. Based on available preliminary results and subject to the as-yet to be completed audit of the consolidated financial statements by the auditors, Group net result of approximately EUR 250 million is expected. Thus far, the expectation was that the Group would achieve an increase over the prior year's results (EUR 156.4 million) by an amount approximating the EUR 38 million one-off effect from the previously announced settlement with the state-owned Bulgarian energy company NEK.
The higher Group net result currently expected is the result of a number of positive effects. As of the balance sheet date, valuations of hedging transactions, provisions and liabilities had a positive effect on the Group net result, while unusual seasonal weather conditions resulted in higher network distribution and energy sales volumes, particularly also in the summer months, which led to operative improvements in the energy business that were further enhanced through operative cost savings.
Based on these preliminarily expected consolidated results, management will recommend to the annual general shareholder meeting on 18 January 2018 a dividend of EUR 0.44, as well as a one-time bonus dividend of EUR 0.03, per share for the 2016/17 business year.
The annual report for the 2016/17 business year will be published on 14 December 2017.
Head of Controlling and Investor Relations
Phone: +43 2236 200-12698
Head of Information and Communication
Phone: +43 2236 200-12294
09-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
2344 Maria Enzersdorf
Foreign Exchange(s) Wien (Amtlicher Handel / Official Market)
End of Announcement
DGAP News Service
627141 09-Nov-2017 CET/CEST
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