The EVN share - a responsible investment
EVN has been listed on the Vienna Stock Exchange since 1989, and has proven to be an attractive and stable investment despite the limited number of shares (of 16.5%) in free float. Since the IPO of EVN, the total shareholder return has amounted to 8.4% per annum.
To improve the liquidity and attractiveness of the EVN share, EVN carried out a capital increase in the financial year 2007/08 by converting a proportion of the non-appropriated capital reserves, as well a stock split in a ratio of 4 for 1.
EVN performed a capital increase in October and November 2010. The EVN will use the net proceeds of approximately EUR 173m to strengthen its balance sheet structure, invest in renewable energy projects in Lower Austria and expand hydropower energy capacities in Austria and neighboring countries.
The efforts of EVN in line with
sustainability-oriented corporate management have received recognition several times in the past in the form of the company‘s acceptance into specialised sustainability indices. These enable sustainability-oriented investors to make targeted investments in companies which fulfil globally recognised standards in regards to environmental and stakeholder responsibility.
Click
here to read more about EVN's acceptance into sustainability indices.