A responsible approach to corporate management
Not least due to its listing on the stock exchange, the highest economic objective of EVN is a sustainable increase in the company value. Its successful expansion course, which is based both on geographical and sectoral diversification, is being continued with planned projects at home and abroad.
Economic development
| Key financial figures |
|
2010/11 |
2009/10 |
2008/09 |
| Revenue |
EURm |
2,729.2 |
2,752.1 |
2,727.0 |
| EBITDA |
EURm |
471.4 |
416.6 |
373.4 |
| Results from operating activities (EBIT) |
EURm |
218.7 |
187.3 |
175.2 |
| Profit before income taxes |
EURm |
260.5 |
270.9 |
226.0 |
| Group net profit |
EURm |
189.7 |
207.0 |
177.9 |
| Investments |
EURm |
415.7 |
394.0 |
415.7 |
| Return on equity (ROE) |
% |
7.5 |
7.4 |
6.3 |
| Equity ratio |
% |
46.2 |
44.9 |
46.7 |
With an income tax expense of EUR 27.9m, EVN contributed to the fulfilment of public duties. For the financial year 2010/11, EVN listed personnel expenses of EUR 323.3m (11.8% of revenue). The average number of employees in the reporting year totalled 8,250, of whom 55 were apprentices. Also in this year, EVN invested EUR 1,879.6m in cost of materials and services, therefore being an important employer in its relevant markets.
The 82
nd Annual General Meeting, held on January 20
th, 2011, approved the proposal of the Executive Board and Supervisory Board to pay a dividend to the shareholders of EVN AG of EUR 0.40 per share for the fiscal year 2009/10. The proposal to the Annual General Meeting of dividends per share for fiscal year 2010/11 amounts to EUR 0.41.
A detailed analysis of business development can be found in the management report (
link to online annual report;
pdf on page 30).