Burgenland Holding makes profits of 11.3 million euros in the first half of the year

Burgenland Holding AG owns 49 percent of the share capital of Burgenland Energie AG. Landesholding Burgenland GmbH owns the remaining 51 percent of the shares. Burgenland Energie AG has a capital of €34.9 million. Given the dividend of Burgenland Energie AG for the financial year 2022/23 and the stable dividend structure of Burgenland Holding AG, the company does not expect any significant changes in earnings for the second half of 2023/24.

For Burgenland Energie AG's first quarter of 2023/24, the report stated that group sales revenue amounted to €287.2 million. This corresponds to an increase of 62.6% compared to the previous year, which comes mainly from higher electricity and gas sales prices. Profit before tax amounted to €39.9 million and was therefore €27.9 million higher than the previous year.

Accelerated expansion of optical fiber

As part of the Burgenland 2030 Broadband Strategy, the expansion of high-performance Internet will be widely promoted in the coming years, with investments of around €150 million planned in cooperation with the state and individuals. The goal is to provide a comprehensive supply of fiber optic networks and secure critical infrastructure.