| 2019/20 | 2018/19 | +/- % |
2017/18 | ||
|---|---|---|---|---|---|
| Sales volumes | |||||
| Electricity generation volumes | GWh | 3,785 | 5,594 | –32.3 | 5,526 |
| thereof from renewable energy | GWh | 2,250 | 2,315 | –2.8 | 2,213 |
| Electricity sales volumes to end customers | GWh | 19,813 | 19,924 | –0.6 | 18,413 |
| Natural gas sales volumes to end customers | GWh | 4,957 | 5,083 | –2.5 | 5,178 |
| Heat sales volumes to end customers | GWh | 2,303 | 2,196 | 4.9 | 2,219 |
| Consolidated statement of operations | |||||
| Revenue | EURm | 2,107.5 | 2,204.0 | –4.4 | 2,078.7 |
| EBITDA | EURm | 590.4 | 631.7 | –6.5 | 671.8 |
| EBITDA margin1) | % | 28.0 | 28.7 | –0.6 | 32.3 |
| Results from operating activities (EBIT) | EURm | 273.1 | 403.5 | –32.3 | 392.9 |
| EBIT margin1) | % | 13.0 | 18.3 | –5.3 | 18.9 |
| Result before income tax | EURm | 257.3 | 373.5 | –31.1 | 355.7 |
| Group net result | EURm | 199.8 | 302.4 | –33.9 | 254.6 |
| Consolidated statement of financial position | |||||
| Balance sheet total | EURm | 8,365.7 | 8,188.6 | 2.2 | 7,831.1 |
| Equity | EURm | 4,543.3 | 4,552.1 | –0.2 | 4,092.6 |
| Equity ratio1) | % | 54.3 | 55.6 | –1.3 | 52.3 |
| Net debt | EURm | 1,037.7 | 999.5 | 3.8 | 963.7 |
| Gearing1) | % | 22.8 | 22.0 | 0.9 | 23.5 |
| Return on equity (ROE)1) | % | 5.0 | 7.6 | –2.5 | 7.7 |
| Consolidated cash flow and investments | |||||
| Net cash flow from operating activities | EURm | 412.0 | 429.7 | –4.1 | 603.5 |
| Investments2) | EURm | 367.9 | 391.4 | –6.0 | 356.4 |
| Net debt coverage (FFO)1) | % | 47.7 | 50.9 | –3.2 | 69.0 |
| Interest cover (FFO) | x | 11.6 | 11.7 | –1.3 | 14.4 |
| Value added | |||||
| Net operating profit after tax (NOPAT) | EURm | 274.6 | 216.3 | 26.9 | 314.8 |
| Capital employed3) | EURm | 4,405.7 | 4,135.4 | 6.5 | 4,094.2 |
| Operating return on capital employed (OpROCE)1) | % | 6.2 | 5.2 | 1.0 | 7.7 |
| Weighted average cost of capital (WACC)1) 4) | % | 5.5 | 6.3 | –0.8 | 6.3 |
| Economic value added (EVA®)5) | EURm | 32.3 | –42.1 | – | 58.9 |
| Share | |||||
| Earnings | EUR | 1.12 | 1.70 | –34.0 | 1.43 |
| Dividend | EUR | 0.496) | 0.47 + 0.037) | –2.0 | 0.44 + 0.037) |
| Dividend yield1) | % | 3.4 | 3.1 | 0.3 | 2.8 |
| Share performance | |||||
| Share price at 30 September | EUR | 14.28 | 16.14 | –11.5 | 16.88 |
| Highest price | EUR | 18.36 | 17.28 | 6.2 | 18.00 |
| Lowest price | EUR | 11.22 | 12.16 | –7.7 | 13.07 |
| Market capitalisation at 30 September | EURm | 2,569 | 2,903 | –11.5 | 3,036 |
| Credit rating | |||||
| Moody’s | A1, stable | A1, stable | A2, positive | ||
| Standard & Poor‘s | A, negative | A, stable | A–, stable | ||
| 1) Changes reported in percentage points 2) In intangible assets and property, plant and equipment 3) Average adjusted capital employed 4) Exact value 2017/18 and 2018/19: 6.25% 5) As defined by Stern Stewart & Co. 6) 2019/ 20 financial year: proposal to the Annual General Meeting 7) Bonus dividend of EUR 0.03 per share |
|||||
| 2019/20 | 2018/19 | 2017/18 | |||
|---|---|---|---|---|---|
| Employees | |||||
| Number of employees on a full-time equivalent basis (FTE) | Ø | 7,007 | 6,908 | 6,831 | |
| Number of employees as of 30 September (headcount) | number | 7,428 | 7,327 | 7,200 | |
| thereof women | number | 1,717 | 1,686 | 1,664 | |
| thereof men | number | 5,711 | 5,641 | 5,536 | |
| Proportion of women | % | 23.1 | 23.0 | 23.1 | |
| Employee fluctuation | % | 3.5 | 3.4 | 1.9 | |
| Training hours per employee | hrs. | 27.5 | 34.1 | 33.8 | |
| Number of occupational accidents1) | number | 64 | 85 | 100 | |
| Environment | |||||
| Direct greenhouse gas emissions (Scope 1) | t CO2e | 1,343,529 | 2,694,528 | 2,577,301 | |
| Specific greenhouse gas emissions (Scope 1) | t CO2e/GWh | 223.49 | 306.06 | 290.31 | |
| NOx emissions | t | 1,171 | 2,204 | 2,317 | |
| Hazardous waste and residual materials2) | t | 17,107 | 19,604 | 19,348 | |
| Water consumption4) | m m3 | 33.4 | 32.2 | 32.6 | |
| 1) Number of occupational accidents with lost days (excluding commuting accidents) 2) Without building residues and power plant by-products 3) Drinking water supplies from purified ground water by evn wasser |
|||||
Equity, net debt and gearing
Cash flow and investments
Revenue, EBITDA and EBITDA margin
Employees by region
Y
About this report
Company profile
Interview with the Executive Board
Sustainable increase in corporate value
Supply security
Customer orientation
Attractive employer
Climate and environmental protection
Innovation and digitalisation
Stakeholder dialogue
Sustainability programme
Independent Assurance Report on the Non-financial Reporting 2019/20
Energy policy environment
General business environment
Energy sector environment
Business development
Innovation, research and development
Risk management
Consolidated non-financial report
Disclosures (§ 243a Austrian Commercial Code)
Outlook for the 2019/20 financial year