EVN AG — Cyborg Score 7/10

Strong
Electric Power Generation, Transmission and Distribution; Utilities; Renewable Energy

Strategic Profile

The company operates in the renewable energy sector with significant investments in hydroelectric, wind, and solar power facilities, alongside conventional energy production methods. Less than 14% of EVN Group shares are free float on the Vienna Stock Exchange, with the state of Lower Austria holding 51 percent.

Cyborg Score Rationale

Revenue rose 3.8% to €3.0 billion in FY 2024/25, driven by positive volume and price effects, while EBITDA climbed 19.2% to €909.1 million. However, group net result fell 7.4% to €436.7 million, signaling profit pressure from lower renewable generation despite revenue gains.

Top Insights

  • Leading Central and Eastern European energy operator with 51% state ownership providing strategic stability
  • FY 2024/25 revenue growth of 3.8% to €3.0B with 19.2% EBITDA improvement demonstrates operational resilience
  • Geographic diversification across Austria, Bulgaria, North Macedonia, Germany, and Croatia reduces regional risk exposure
  • Renewable energy transition underway with significant hydro, wind and solar investments alongside environmental services expansion

Named Competitors

  • Verbund — Austrian hydroelectric power generation and distribution
  • OMV Energy — Integrated energy company with gas and electricity operations
  • CEZ Group — Central European energy utility with multi-country operations

Recent Developments

  • (2024/2025) Revenue grew 3.8% to €3.0 billion with EBITDA up 19.2% to €909.1 million
  • (2024/2025) Net profit declined 7.4% to €436.7 million due to lower renewable generation
  • (2020) Wiener Stadtwerke acquired EnBW's 28.35% stake for €800 million, becoming second-largest shareholder

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