The group has published strong Q1 results with revenues increasing by 0.5% to €810m, while EBITDA increased 6.5% to €227.5m and net income increased 13.4% to €93.4m. The positive result comes despite an 8% fall in hydro generation, which was more than compensated by wind and thermal generation and higher revenue from network flexibility. After the strong start of the year, the group has decided to increase its full-year guidance by 5-10%, now expecting EBITDA of €830m and
10 May 2017
System stability boosts earnings; concerns over German-Austrian market separation limits mid-term visibility
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System stability boosts earnings; concerns over German-Austrian market separation limits mid-term visibility
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
10 May 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has published strong Q1 results with revenues increasing by 0.5% to €810m, while EBITDA increased 6.5% to €227.5m and net income increased 13.4% to €93.4m. The positive result comes despite an 8% fall in hydro generation, which was more than compensated by wind and thermal generation and higher revenue from network flexibility. After the strong start of the year, the group has decided to increase its full-year guidance by 5-10%, now expecting EBITDA of €830m and