EVN targets EUR 1.20 billion EBITDA: EVN stock sits 12.65 percent below target

Published on 10/20/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month EBITDA rose 4.90 percent to EUR 748.50 million in fiscal 2025/26. EVN stock costs EUR 29.00 on October 20, 2026 versus EUR 29.00 Xetra close.

Investment plan and analyst view

EVN announced EUR 1.00 billion in annual investments through 2030 on October 1, 2026.
Baader Bank kept its Add rating and EUR 33.20 price target on October 2, 2026.
EVN stock trades at EUR 29.00 at 11:05 a.m. CEST at Lang & Schwarz on October 20, 2026, unchanged versus the Xetra close of October 19, 2026.

EVN, AT0000741053, Illustration mit AI erstellt.

EVN AG (AT0000741053) was trading at EUR 29.00 at Lang & Schwarz on October 20, 2026 at 11:05 a.m. CEST, unchanged versus the Xetra close of October 19, 2026. The latest strategic signal is the company's October 1, 2026 Capital Markets Day, where EVN presented a EUR 1.00 billion annual investment program through 2030 and a EUR 1.20 billion EBITDA target.

Investment plan sets the framework

According to FT, EVN said on October 1, 2026 that annual investments of EUR 1.00 billion will focus on networks, renewable generation, storage and electric charging infrastructure. The company also plans 300 megawatts of large battery storage capacity by 2030.

Wiener Borse reported that EVN targets EBITDA of EUR 1.20 billion by 2030, compared with EUR 909.00 million in fiscal year 2024/25. The comparison points to an increase of EUR 291.00 million across the period.

What does the target mean for valuation?

The valuation hurdle is visible in the analyst reference. Baader Bank confirmed its Add rating and a EUR 33.20 price target on October 2, 2026, according to Boerse Social. At EUR 29.00, the share price lies 12.65 percent below that target.

Three dates explain the sequence

On August 27, 2026, EVN reported first nine-month fiscal 2025/26 EBITDA of EUR 748.50 million, up 4.90 percent year over year. On October 1, 2026, the Capital Markets Day set the EUR 1.00 billion annual investment plan and EUR 1.20 billion 2030 EBITDA target. On October 2, 2026, Baader Bank confirmed the EUR 33.20 target and Add rating.

Next reporting date is December 17

The next explicitly listed reporting date is December 17, 2026, for annual results, according to Simply Wall St. That release will provide the first full-year test of the investment strategy and the 2025/26 earnings outlook.

EVN stock holds at EUR 29.00

EVN stock was trading at EUR 29.00 at Lang & Schwarz on October 20, 2026 at 11:05 a.m. CEST, unchanged versus the Xetra close of EUR 29.00 on October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of EVN stock.