The supervisory board of Energie Burgenland AG, in which Burgenland Holding AG holds a 49% stake, has in today's meeting approved the early cessation of the US Cross Border Lease of Energie Burgenland AG's networks entered into in 2001. The anticipated short-term expenditure will be offset by expected profits; in the medium term, the expected cessation, which includes granted collateral, should have a positive effect on the financial results of Energie Burgenland AG.
For the 2018/19 financial year of Energie Burgenland AG, which ends on 30 September 2019, a stable financial result on the level of the previous year's financial result 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
21-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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