|
Unit |
1st HY |
1st HY |
Change |
||||
Total sales |
EUR mill. |
106.8 |
95.8 |
11.5% |
||||
EBIT |
EUR mill. |
7.4 |
-9.6 |
– |
||||
Investments in property, plant and equipment and intangible assets |
EUR mill. |
25.7 |
24.3 |
5.8% |
||||
Workforce (on average) |
FTE |
1,039 |
1,007 |
3.2% |
||||
Length of fibre-optic network |
km |
5,750 |
5,300 |
8.5% |
Business Development in the Holding & Services Segment
In the Holding & Services Segment, sales revenues rose by 11.5% to EUR 106.8 million year-on-year. This development is mainly attributable to higher sales revenues in the technical services unit and in the Telekom business area.
After the previous year's negative result of EUR -9.6 million due to a special effect in the investments consolidated at equity, the EBIT of the Holding & Services Segment amounted to EUR 7.4 million in the current reporting period. In addition to the absence of this special effect from the previous year, several property sales and the good operating performance of the service companies had a positive effect on the EBIT of the Holding & Services Segment. The telecommunications business area's contribution to EBIT remained largely stable.
Fibre-optic expansion is the prerequisite for Upper Austria as a business location
Length of fibre-optic network
km
As a result of the advancing digitalisation, the availability of speed-of-light broadband internet throughout the country is a key success factor for the future of Upper Austria as a business location. Energie AG supports this goal by continuing to expand its fibre-optic network, the central component of the Telekom business area. At the end of the reporting period, the Group's own fibre-optic network comprised approx. 5,750 km (previous year: 5,300 km).
In the scope of the Fibre To The Home (FTTH) expansion, housing areas in 166 Upper Austrian communities have been connected thus far. FTTH expansion was successfully continued in the reporting period, with more than 20,000 households now connected. Private households here can choose from Energie AG's “powerSPEEDprivat” product portfolio (internet with speeds up to 500 Mbps download plus a TV product and telephony). The approval of further subsidies in the context of “Broadband Austria 2020” (Access 3rd Call) in the reporting period was also encouraging.
Rendering electricity metering services for Netz OÖ is a further business area of Energie AG Oberösterreich Telekom GmbH (Telekom GmbH). In terms of the roll-out schedule for smart metering devices (IME-VO Amendment 2017), Telekom GmbH had installed approx. 580,000 AMIS meters by the end of March 2019. This is equivalent to nearly 85% of all electricity meters in Netz OÖ's supply area.