Despite the earnings upgrade provided on 9 July 2015, the group’s results are still above expectations. Even if there is a slight decrease in revenues of 0.8% yoy to €1,405m, the decline is less pronounced than markets expected, being 2.73% above consensus. Due to a higher hydro-coefficient level of 1.03 (3% above the long-term average), hydro power generation pushed up the output of the group, with a total 10.5% increase on own production to 17,217GWh, compensating for the decreas
29 Jul 2015
Good hydro levels, positive one-offs and active liability management boost profits
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Good hydro levels, positive one-offs and active liability management boost profits
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
29 Jul 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Despite the earnings upgrade provided on 9 July 2015, the group’s results are still above expectations. Even if there is a slight decrease in revenues of 0.8% yoy to €1,405m, the decline is less pronounced than markets expected, being 2.73% above consensus. Due to a higher hydro-coefficient level of 1.03 (3% above the long-term average), hydro power generation pushed up the output of the group, with a total 10.5% increase on own production to 17,217GWh, compensating for the decreas