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

Wien Energie Facing EUR 22 Mln Fine over Energy Efficiency

Wien Energie utility is facing a EUR 22 million (USD 24.6 million) fine over a failure to meet the requirements of the Austrian energy efficiency act.

May 19, 2015

EVN Posted Loss in Bulgaria in 2014 for the First Time

Last year the Bulgarian arm of Austria’s energy supplier EVN posted a loss of BGN 98.2 million (EUR 50.2 million) for the first time in ten years, Bulgarian business newspaper Kapital reports. In 2013 EVN Bulgaria posted a profit of BGN 56.2 million.

May 14, 2015

Salzburg AG Generated EUR 49 Million Profit in 2014

The energy supplier Salzburg AG posted a solid profit in 2014, thus the company intends to pay nearly EUR 27 million (USD 28.64 million) in dividends to its shareholders: the province of Salzburg (43 percent), the city of Salzburg (31 percent) and Energie AG (26 percent). The company generated a revenue of EUR 1.28 billion, which was less than in 2013 (EUR 1.36 billion).

April 10, 2015

Setback for Tiwag’s Plans in Kaunertal

After a rejection from the Administrative Court, Tiwag’s plans for the expansion of the power plant in Kaunertal have been set back by the Federal Administrative Court. According to the Court’s decision that the land government as the body responsible for EIA investigation was obliged to reject Tiwag’s application "Tiroler Tageszeitung” reported.

April 3, 2015

EVN Seen Raising Net Profit to EUR 87.8 Mln in Fiscal Q1

Listed power group EVN will likely post EUR 87.8 million (USD 99.2 million) in Q1 FY 2014/15 net profit, up by 65 percent y/y, RCB analysts predict ahead of the release of the report slated for Thursday.

February 24, 2015

Verbund Raises Earnings Forecast and Dividend for 2014

Verbund AG announced today that the earnings forecast for financial year 2014 is being raised. Verbund expects EBITDA of around €800m (previous forecast: €770m) and a Group result of around €125m (previous forecast: €85m) in financial year 2014. The planned dividend continues to be based on a payout ratio of approximately 50% of the adjusted group result which in 2014 will be around €210m (previous forecast: €190m).

January 22, 2015

Verbund Withdraws from Bulgaria

Verbund withdraws from Bulgaria by selling its 16 MW wind farm on the Bulgarian Black Sea coast to Inwind Sp Ltd, a project company of Bulgarian Inovent Holding AD. The transaction is scheduled to close by the end of 2014. Both companies agreed on not disclosing any financial details of the transaction.

October 30, 2014

Fischer: Room for Further Trade with Albania

Austrian President Heinz Fischer was paying a visit to Western Balkan States.

May 22, 2014

Austrian Prinzhorn Holding to Invest Massively in Hungary

Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.

May 21, 2014

Czech Republic: CEZ Losing With RWE Contract?

A gas contract with German RWE is causing the Czech energy group losses in the billions.

May 12, 2014