Strong half-year results for the company given the market conditions as revenue increased 3.9% yoy to €1,460.7m. However, reported earnings were negatively impacted on a comparative basis as 2015 benefited from positive non-recurring items in addition to impairment losses. As a result, EBITDA fell 8% yoy to €450.2m, operating profit decreased 37.2% yoy to €190.8m and net income contracted by 21.6% yoy to €153.9m. However, on an adjusted basis, the results provide a complet
28 Jul 2016
Positive results confirm previous guidance upgrade
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Positive results confirm previous guidance upgrade
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
28 Jul 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Strong half-year results for the company given the market conditions as revenue increased 3.9% yoy to €1,460.7m. However, reported earnings were negatively impacted on a comparative basis as 2015 benefited from positive non-recurring items in addition to impairment losses. As a result, EBITDA fell 8% yoy to €450.2m, operating profit decreased 37.2% yoy to €190.8m and net income contracted by 21.6% yoy to €153.9m. However, on an adjusted basis, the results provide a complet