Assets, liabilities, financial position and profit or loss 1)

Group overview





1st HY


1st HY



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Financial result


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Investments in property, plant and equipment and intangible assets


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In the reporting period, the Energie AG Group generated sales revenues in the amount of EUR 2,158.3 million (previous year: EUR 1,209.8 million). The increase in sales revenues above all relates to the Energy Segment and is mainly attributable to higher market prices for electrical energy and gas.

The operating result (EBIT) rose by EUR 51.1 million from EUR 118.5 million to EUR 169.6 million. The increase in the operating result is attributable to the Grid Segment (EUR 3.8 million), the Waste Management Segment (EUR 6.5 million) and the Holding & Services Segment (EUR 45.0 million).

The EBIT in the Energy Segment dropped from EUR 50.6 million in the previous year to EUR 46.9 million in the reporting period. The lower result can primarily be ascribed to lower electricity and gas sales, lower river water levels and the results from the management of gas reservoirs. The increased use of the CCGT (combined-cycle gas turbine) power plant in Timelkam had a positive effect. In addition, income of EUR 43.5 million was generated from the measurement and realisation of energy derivatives without hedging relationships.

The Grid Segment generated sales revenues of EUR 215.8 million (previous year: EUR 208.1 million) and an EBIT of EUR 41.9 million (previous year: EUR 38.1 million). The increase is mainly attributable to higher tariffs and distribution volumes.

Operating results in the Waste Management Segment rose from EUR 20.4 million to EUR 26.9 million due, among other things, to favourable market conditions and higher electricity and heating revenues.

In the Czech Republic Segment, the operating result decreased from EUR 6.9 million to EUR 6.4 million, which is partly related to a significant increase in procurement costs for energy in the water and heat sectors.

The Holding & Services Segment contributed an EBIT of EUR 47.5 million (previous year: EUR 2.5 million) to the Group result. The increase in the operating result is primarily the result of the measurement of the share in BBOÖ Breitband Oberösterreich GmbH in the amount of EUR 37.0 million and higher earnings contributions from entities accounted for using the equity method.

Investments in intangible assets and property, plant and equipment by Segments

1st HY 2021/2022; previous year's figures in brackets

Investments in intangible assets and property, plant and equipment by segments (ring chart)

In the reporting period, investments in intangible assets and property, plant and equipment amounted to EUR 61.9 million (previous year: EUR 69.9 million). With a share of 56.5%, the Grid Segment accounted for the largest part.

The financial result is EUR -13.3 million (previous year: EUR -11.1 million). The change is mainly attributable to higher finance costs and lower results from the fair value measurement of financial investments.

The amount of financial liabilities as of 31 March 2022 was EUR 673.8 million (30 September 2021: EUR 670.1 million).

Cash flow from operating activities in the first half of the 2021/2022 fiscal year was EUR 234.5 million, compared with EUR 164.9 million in the same period of the previous year. This increase is due, in particular, to the current pricing situation on the markets, which has led to an inflow from derivative financial instruments of EUR 667.1 million (previous year: EUR 36.9 million) and a significant increase in the collateral to be deposited for stock exchange transactions (EUR -288.7 million; previous year: EUR -3.2 million).

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