Given the market environment, the group showed a good operating performance with revenue increasing by 3.1% yoy to €2,969m and EBITDA increasing 10% to €888m, positively boosted by one-offs. On an adjusted basis, however, EBITDA decreased by 6% yoy reaching €839m as the reversal on grid revenue provisions linked to SNT-VO and SNE-VO are non-recurring items with a €50m positive effect on earnings. The bottom line results were better than expected due to lower financial expe
15 Mar 2016
Focus on cash flows as power prices fall: lower investment and dividends
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Focus on cash flows as power prices fall: lower investment and dividends
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
15 Mar 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Given the market environment, the group showed a good operating performance with revenue increasing by 3.1% yoy to €2,969m and EBITDA increasing 10% to €888m, positively boosted by one-offs. On an adjusted basis, however, EBITDA decreased by 6% yoy reaching €839m as the reversal on grid revenue provisions linked to SNT-VO and SNE-VO are non-recurring items with a €50m positive effect on earnings. The bottom line results were better than expected due to lower financial expe