2005 - 2006 - Pinsent Masons Water Yearbook 2012

AUSTRIA PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
EVN
Energie-Versorgung Niderösterreich (EVN), is the regional power utility serving the province of Lower
Austria. 51% of its equity, is owned by the state Government. In January 2001, EVN acquired
Nösiwag from the state Government for €87 million. The company has 16 supply areas and 75
reservoirs, with a storage volume of 197,000m³, as well as a 1,450km supply network. With the
acquisition of WTE in 2003, ENV now provides water and wastewater services to 1.2 million people in
six countries. EVN Wasser’s 2003/04 revenues were €19.4 million, against €98.9 million for WTE.
The fall in EVN Wasser’s revenues was due to a wetter summer than in 2003.
Y/E 30/09 (€ million) 2000 2001 2002 2003 2004
Water sales (million m 3 ) 24.1 23.4 24.0 25.8 23.5
Water revenues 17.5 17.7 18.7 21.4 19.2
EVN Wasser provides water services to 563 municipalities, or some 468,000 inhabitants, or around
one-third of the Lower Austrian population. 131 industrial customers are also supplied. Nösiwag is the
second largest Austrian water supplier behind the Vienna waterworks. EVN aims to expand EVN
Wasser across Lower Austria (water supply), along with a planned entry into the end customer
market. It is also anticipated that the sewerage and wastewater treatment markets will be addressed.
In the longer term, other markets in Austria and internationally will be sought. In June 2002, EVN
acquired 50% of Wiental-Sammelkanal (WISAK), which operates WWTWs in Wiental, Ludweis-Aigen,
Großmugl and Niederhollabrunn in lower Austria.
From October 2005, ENV is taking over the operation of water services to 11,000 people in
Gerasdorf.
EVN has one contract outside Austria; DTV Rt. (51% held with Resonáor Kft of Hungary), providing
water and wastewater services for 3,100 households (c10,000 people) in six municipalities in the
Dunavarsány region of Hungary. Since the original contract was signed in 2001, two more
municipalities have joined and negotiations are underway with a further six.
EVN, profit and loss account
Y/E 30/09 (€ million) 2000 2001 2002 2003 2004
Revenues 948.1 1,014.7 1,113.9 1,082.1 1,207.3
Pre-tax profits 127.4 121.0 137.6 145.4 135.9
Net profits 94.5 87.8 89.5 102.6 117.4
Earnings per share (€) 2.78 2.58 2.39 2.73 3.08
EVN, populations served
Country Water Sewerage Total
Austria 479,000 9,000 488,000
Hungary 10,000 10,000 10,000
Germany 21,000 81,000 81,000
Slovenia 0 3,500 3,500
Croatia 0 750,000 750,000
Russia 0 650,000 650,000
Total - home markets 479,000 9,000 488,000
Total - international 31,000 1,494,500 1,494,500
Grand Total 509,000 1,503,500 1,981,500
WTE
In July 2003, EVN acquired WTE Wassertechnik (WTEW) from Berlinwasser. WTEW has built
wastewater treatment plants in Germany, Austria and Denmark along with Poland, Bosnia, Croatia,
Lithuania, Russia, Slovenia and the Ukraine. By 2004, 70 sewage treatment plants had been
constructed, serving 8.5 million people. 13 are currently managed by WTE. WTE has a turnover of
290 Pinsent Masons Water Yearbook 2005 – 2006