EVN targets EUR 1.2 billion operating earnings as EVN stock sits 4.11 percent below its high

Published on 10/09/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EVN lifted its profit outlook to EUR 470.00-490.00 million for 2025/26. EVN stock costs EUR 29.20 on October 9, 2026 after EUR 28.93.

Key points in brief

EVN set a 2030 target of EUR 1.2 billion in EBITDA and annual investments of EUR 1.0 billion.
The first nine months of fiscal 2025/26 brought EBITDA of EUR 748.50 million, up 4.90 percent.
EVN stock was at EUR 29.20 at Lang & Schwarz on October 9, 2026, up 0.93 percent versus EUR 28.93.
Baader confirmed an Add rating and a EUR 33.20 target on October 2, 2026.

EVN, AT0000741053, Illustration mit AI erstellt.

EVN stock (ISIN AT0000741053) was trading at EUR 29.20 at Lang & Schwarz on October 9, 2026 at 12:16 p.m. CEST, up 0.93 percent versus the prior close of EUR 28.93. At its Capital Markets Day on October 1, 2026, EVN set a target of EUR 1.2 billion in EBITDA by 2030 and annual investments of EUR 1.0 billion, according to Handelsblatt.

Three milestones shape the plan

On September 25, 2026, EVN's first nine months of fiscal 2025/26 were reported with EBITDA of EUR 748.50 million, up 4.90 percent year over year. The same period produced a group result of EUR 525.10 million, up 20.80 percent, although one-off effects contributed to the increase, as FinanzNachrichten reported.

On October 1, 2026, the company linked the investment program to networks, renewable generation, large battery storage and charging infrastructure. The target also includes a group-wide average return on capital employed above 6.00 percent, while the reported fiscal 2024/25 figure was 7.20 percent, according to FinanzNachrichten.

What does the investment cycle require?

The financial trade-off is visible in EVN's outlook for fiscal 2025/26. The company expects a group result of EUR 470.00 million to EUR 490.00 million, compared with its previous EUR 430.00 million to EUR 480.00 million range, while the first nine months already delivered EUR 525.10 million. Handelsblatt reported that the group also intends to maintain a minimum dividend of EUR 0.90 per share for fiscal 2025/26 and move toward at least EUR 1.10 per share by fiscal 2029/30.

Analyst context is constructive but highlights capital allocation. On October 2, 2026, Baader confirmed an Add rating and a EUR 33.20 price target, according to boerse-social.com. Against the Lang & Schwarz price of EUR 29.20, that target is 13.70 percent above the reference price, using the same euro currency.

Stock remains below its yearly high

EVN's Lang & Schwarz price of EUR 29.20 on October 9, 2026 stood 4.11 percent below its 52-week high of EUR 30.45 and 23.73 percent above its 52-week low of EUR 23.60. The market capitalization was EUR 5.2 billion on October 9, 2026, while the price was up 0.93 percent against the Lang & Schwarz prior close of EUR 28.93.

The further course of trading is shown by the continuously updated real-time quote of EVN stock.