EBITDA decreased by 5%, and the group’s result by 10%. Due to low electricity prices, Verbund had updated its guidance, which is line with our last model update. Moreover, as Verbund has been used as a proxy for the carbon price in Europe, since the latter is expected to remain more or less flat, we see no reason to rush into the stock at the moment.
13 May 2020
Q1 20 results in line
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Q1 20 results in line
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
13 May 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
EBITDA decreased by 5%, and the group’s result by 10%. Due to low electricity prices, Verbund had updated its guidance, which is line with our last model update. Moreover, as Verbund has been used as a proxy for the carbon price in Europe, since the latter is expected to remain more or less flat, we see no reason to rush into the stock at the moment.