DGAP-Adhoc: Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent interest, expects positive one-off effects in the aggregate amount of EUR 24 million for the financial year 2019/20

2020. május 14., csütörtök, 18:54





DGAP-Ad-hoc: Burgenland Holding AG / Key word(s): Change in Forecast/Change in Forecast


Burgenland Holding AG: Energie Burgenland AG, in which Burgenland Holding AG holds a 49 percent interest, expects positive one-off effects in the aggregate amount of EUR 24 million for the financial year 2019/20


14-May-2020 / 18:54 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Burgenland Holding AG was informed today by Energie Burgenland AG that it expects extraordinary contributions to its results in the aggregate amount of EUR 24 million for the financial year 2019/20 ending 30. September 2020. These are due to the realization of one-off effects in connection with the termination of the U.S. cross-border lease in the amount of around EUR 20 million as well as the sale of a minority interest in the amount of around EUR 4 million. The financial result of Burgenland Holding AG is affected largely by the financial result of Energie Burgenland AG, in which it holds a 49% interest.


Furthermore, assuming average energy market conditions, an operative business development with usual fluctuations is expected.




Contact:

Burgenland Holding AG

Member of Executive Board


Dr. Klaus Kohlhuber

Technologiezentrum

Marktstraße 3

7000 Eisenstadt

Phone: +43 2236 200-12398

E-Mail: klaus.kohlhuber@evn.at







14-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Burgenland Holding AG

Marktstraße 3

7000 Eisenstadt

Austria
Phone: +43 2236 200 24186
Fax: +43 2236 200 84703
E-mail: info@buho.at
Internet: www.buho.at
ISIN: AT0000640552
WKN: 879095
Listed: Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 1045801





 
End of Announcement DGAP News Service



1045801  14-May-2020 CET/CEST







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