EVN AG - Company Profile
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Business Description
EVN AG (EVN), a subsidiary of NO Landes-Beteiligungsholding GmbH, is an integrated energy and environmental service company, which provides electricity, natural gas, heat, drinking water, thermal waste utilization, wastewater treatment, and related services. EVN also operates cable TV and telecommunications networks and provides energy services to private and business customers and municipalities. The company produces and retails heat, and trades electricity and natural gas on a wholesale and retail basis. EVN operates its business through six segments: South East Europe, Energy, Networks, Environment, Generation and Other Segments. In FY2023, the company reported a capital expenditure of EUR691 million which grew 22.5% YoY.
R&D Overview
EVN conducts R&D to safeguard supply security, protect the environment and resources, and reinforce its competitive position. It carries out the innovation, R&D of projects; operation of a blockchain prototype; and testing and implementation of technological solutions, which strengthen its supply security. The company focuses on research projects which primarily safeguard supply security, protect the environment along with resources and improve the company’s competitive positions. It also focuses on developing storage solutions which would allow surplus renewable production to be used in periods with lower energy generation from renewable sources. EVN also works on developing innovative approaches to utilize flexibilities from various customers and smaller electricity producers to adjust the demand of energy overtime such that it prevents demand peaks. In FY2023, the company spent EUR4 million on R&D, which grew 53.8% YoY.
Business Segments
Overview
Markets electricity produced in its plants. Carries out procurement of electricity, natural gas, and primary energy carriers; trades and sells electricity and natural gas to end-customers and on wholesale markets; and produces and sells heat. - Has 45% interest in ENERGIEALLIANZ Austria GmbH. - Is a sole limited partner in EVN Energievertrieb GmbH & Co KG. In FY2023, the segment incurred a capital expenditure of EUR63.6 million which grew 47.9% YoY.
Performance
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Overview
Generates electricity from conventional and renewable energy sources. - Operates a thermal waste utilization plant in Lower Austria. -Has 13% interest in Verbund Innkraftwerke GmbH and 49% interest in Walsum 10 hard coal power plant in Germany, and 49.99% interest in Ashta run-of-river power plant in Albania. In FY2023, the segment incurred a capital expenditure of EUR121.7 million which grew 115% YoY.
Performance
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Overview
Operates electricity and natural gas distribution networks and network infrastructure. Also provides cable TV and telecommunication services in Lower Austria and Burgenland. In FY2023, the segment incurred a capital expenditure of EUR356 million which grew 6.5% YoY.
Performance
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Overview
Operates electricity distribution networks and network infrastructure for electricity in Bulgaria and North Macedonia. It also sells electricity and heat to end customers; constructs and operates natural gas networks; generates electricity from renewable and conventional sources; and carries out energy trading. In FY2023, the segment incurred a capital expenditure of EUR135.5 million which grew 23.2% YoY.
Performance
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Overview
Offers water supply and wastewater disposal services. Plans, constructs, finances, and operates drinking water supplies, wastewater treatment, and thermal waste utilization plants. -Has operational interests in a thermal waste utilization plant. In FY2023, the segment incurred a capital expenditure of EUR22.9 million which grew 7% YoY.
Performance
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Overview
Provides corporate services. -Has 12.63% interest in Verbund AG, 50.03% interest in RAG-Beteiligungs-Aktiengesellschaft, and 73.63% interest in Burgenland Holding AG. In FY2023, the segment incurred a capital expenditure of EUR1.8 million which declined 14.3% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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