There are weather-related fluctuations in sales revenues and results within the fiscal year particularly as regards electricity generated, electricity sales and the gas business. Higher results tend to be achieved in the first half of the year than in the second half in the Energy Segment. Limited construction activity in the autumn and winter months means that investments in property, plant and equipment are generally lower in the first half of the year than in the second half. The hydro coefficient in the first half of the year came to 0.99 (previous year: 1.08).

Additions to property, plant and equipment in the first half of 2020/2021 amount to EUR 69.2 million (previous year: EUR 73.1 million); the carrying amount disposal amounts to EUR 2.1 million (previous year: EUR 2.4 million). Obligations for the acquisition of property, plant and equipment amount to EUR 69.8 million (previous year: EUR 57.1 million).

The Federal Competition Authority (BWB) is conducting investigations throughout Austria into the area of collection and transport in the waste management sector. One such investigation was conducted on 16 March 2021 at the premises of Energie AG Oberösterreich Umwelt Service GmbH in Hörsching. Energie AG Oberösterreich Umwelt Service GmbH is actively involved to help clarify the facts and assured its full cooperation with BWB. From today's perspective, these actions are not expected to bring any negative consequences.

The semi-annual consolidated financial statements do not contain any significant accounting one-time effects due to the COVID-19 pandemic.

Applications were submitted in the Group for a COVID-19 investment bonus for companies to obtain an investment amount of EUR 50.0 million. The one-off subsidy is equal to 7% or 14% of the amount being invested. The investment bonus was not included in the accounts as of 31 March 2021 due to the uncertainty surrounding whether the conditions will be met.

In the first half of 2020/2021, dividends of EUR 53.2 million (previous year: EUR 53.2 million) were paid out to the shareholders of Energie AG Oberösterreich.

Linz, 28 May 2021

The Management Board of Energie AG Oberösterreich

Chief Executive Officer KR Prof. Ing. DDr. Werner Steinecker MBA, Chairman of the Management Board (signature)

Chief Executive Officer
DDr. Werner Steinecker MBA

Chairman of the Management Board

KR Dr. Andreas Kolar, Member of the Management Board (signature)

Dr. Andreas Kolar

Member of the Management Board

Dipl.-Ing. Stefan Stallinger MBA, Member of the Management Board (signature)

Dipl.-Ing. Stefan Stallinger MBA

Member of the Management Board