The styric energy giant takes up the balance: the turnover (almost 2.2 billion euros) and the operational result (113.6 million euros) dropped slightly, but investments are still being made. Investments of 5.5 billion euros are planned by 2035.
With a turnover of EUR 2,192 billion (2023: 2,787 billion) and an operational result (EBIT) of 113.6 million euros (2023: 150.4 million), Energie Styria alone was recorded in 2024 despite a solid result, “and this despite serious disruption and assignment of the General Calin and the General Duo of the board of the board of the board.
The total of the balance rose from 4.436 billion to 4,462 billion euros – equity has also grown considerably from 1,628 billion to EUR 1,901 billion. The cash flow is now also positive after 2023 (-154.1 million euros) with 310.9 million euros.
Last year around 300 million euros were invested in sustainable energy. “And our strategic offensive in terms of sustainability will continue in the coming years,” the two board members promises. “With Energie Styria we plan BBIS 2035 investments of around 5.5 billion euros, which will not only stabilize the location of styria in a phase of major international uncertainties, but will be decisively formed.” Above all, priority is the upgrade and modernization of the more than 30,000 kilometers long power grid.
Green light for wind farm on the Stubalm
At present, the expansion of wind energy is particularly promoted: the Freiländerai II project: 105 Megawatt (MW) and the Soboth-Beibiswald Windpark (performance: 93 MW) have been implemented two large systems: the construction work is still in full course and the first of the 30 wind turbine. Since a few days there has also been the green light for the wind energy project on the Stubalm (performance: 60 MW)-after a procedure of 7 (!) Year the implementation work can start immediately.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
