Positive results for Verbund, as it has once again raised its guidance for 2015 to €900m EBITDA (+6%) with net income reaching €240m. The payout ratio is maintained at 50%. Top-line results are better than expected, with revenue increasing by 1% ytd where it was expected to be flat, reaching €2,106m. EBITDA increased by 15% to €727.7m, although on an adjusted basis it decreased by 1% ytd to €681m due mainly to lower achieved prices and a lower hydro coefficient, sligh
04 Nov 2015
Balancing grid revenues improve the group’s performance
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Balancing grid revenues improve the group’s performance
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
04 Nov 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Positive results for Verbund, as it has once again raised its guidance for 2015 to €900m EBITDA (+6%) with net income reaching €240m. The payout ratio is maintained at 50%. Top-line results are better than expected, with revenue increasing by 1% ytd where it was expected to be flat, reaching €2,106m. EBITDA increased by 15% to €727.7m, although on an adjusted basis it decreased by 1% ytd to €681m due mainly to lower achieved prices and a lower hydro coefficient, sligh