Despite the difficult market conditions Verbund has provided strong results with revenue reaching €806m, a 10.9% yoy increase and 19% above expectations, driven by a higher customer base and an increase in electricity sales volumes (+9.2% yoy). EBITDA was relatively flat (-2% yoy), although it is 11% better than forecasts due to a higher contribution from regulated activities and the positive effects from the restructuring process. Operating profit increased 4.5% yoy to €129.4m and
04 May 2016
Solid start to the year, offset by uncertainty over the dividend policy
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Solid start to the year, offset by uncertainty over the dividend policy
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
04 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Despite the difficult market conditions Verbund has provided strong results with revenue reaching €806m, a 10.9% yoy increase and 19% above expectations, driven by a higher customer base and an increase in electricity sales volumes (+9.2% yoy). EBITDA was relatively flat (-2% yoy), although it is 11% better than forecasts due to a higher contribution from regulated activities and the positive effects from the restructuring process. Operating profit increased 4.5% yoy to €129.4m and