Today, the Austrian group's management raised its net earnings forecast for 2015 by 33% to €240m, and also improved its EBITDA expectations to €850m by the end of the year. The increased expectations should also positively affect the dividends paid this year as the group maintains its dividend policy ratio at a 50% net income payout ratio. The improvement in the earnings forecast has been adjusted, mainly due to the reversal of provisions, above average water supply levels, cost red

09 Jul 2015
2015 net profit upgrade and diversification within the renewable business

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2015 net profit upgrade and diversification within the renewable business
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
09 Jul 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3 -
Today, the Austrian group's management raised its net earnings forecast for 2015 by 33% to €240m, and also improved its EBITDA expectations to €850m by the end of the year. The increased expectations should also positively affect the dividends paid this year as the group maintains its dividend policy ratio at a 50% net income payout ratio. The improvement in the earnings forecast has been adjusted, mainly due to the reversal of provisions, above average water supply levels, cost red