The latest utilities industry and company news and analysis from FriedlNews
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Austrian Utilities Industry Headlines

EVN Power Raises Net Profit to EUR 198.8 Mln in Three Quarters of FY '15/16

Listed power utility EVN raised net profit by 6.3 percent y/y to EUR 198.8 million (USD 224.5 million) in the first three quarters of fiscal year 2015/16, the company said.


Verbund - EUR 90 Million in Impairments by June 2016

In its half-year financial statements Verbund reports of value impairments to the tune of EUR 90.4 million, mostly on account of a value decrease of Romanian windpark assets (EUR 57 million) and of hydropower plants in Gössendorf und Kalsdorf ( EUR 16.5 million).

July 28, 2016

EUR 250 Million Order Brings Smart Meters to Styria

From the autumn of 2017 a major portion of Styrian households will have the so-called smart meters, intelligent electricity meters. Energie Steiermark together with 30 smaller energy companies organized a tender for a contract worth over EUR 250 million. Two producers from France France and Switzerland competed in the tender. The internal parts will come from ams in Unterpremstätten.

July 19, 2016

Verbund Power Hikes 2016 Profit Guidance to EUR 290 Mln

Listed power group Verbund raised its 2016 adjusted profit guidance to EUR 290 million (USD 320.4 million) from EUR 230 million, the company said. At the same time, Verbund cut the dividend payout to some 30 percent from about 50 percent previously.

July 18, 2016

OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"

Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.

July 12, 2016

Municipal Utilities in Vienna to Downsize

The municipal utilities company in Vienna (Wiener Stadtwerke) is cutting costs. The company intends to downsize, and by 2018 it plans to reduce its staff number (of currently 5500) by 900 in the energy sector. 800 of the affected employees will go into retirement.

June 13, 2016

US ContourGlobal, German Steag eye Verbund power's Mellach plant - daily

Listed power group Verbund reportedly enjoys interest from US energy group ContourGlobal and German electricity firm Steag in its Mellach plant, put up for sale, the daily WirtschaftsBlatt writes.

June 8, 2016

EVN Expands Drinking Water Segment in Lower Austria

Listed energy supplier EVN is expanding its potable water segment in Lower Austria, the management announced during the half-annual press conference. The company advocates a strong stabilization of power grids.

May 25, 2016

Porr Lands First Order in Great Britain

The Austrian construction company Porr is entering Great Britain. In a joint-venture with the Dutch A.Hak and a subsidiary of the Swedish construction group Skanska the company will build a high-pressure gas pipeline in a tunnel. The ordering party of the British gas distributor National Grid. The cost of the whole project is GBP 150 million (EUR 195 million), according to Porr.

May 23, 2016

US Company Contour Moves European Headquarters from Paris to Vienna

The Vienna-based European headquarters will be the strategic centre for all thermal and renewable energy facilities in Austria, Italy, Czech Republic, Romania, Poland, Slovakia, Bulgaria, Armenia, Spain, Northern Ireland and Ukraine.

December 11, 2015