The group has once again provided strong 9m results with revenues relatively flat with a 0.8% yoy increase to €2.12bn, but EBITDA increased 11.5% yoy to €810m and net income increased by 48.7% yoy to €466.4m. On an adjusted basis, net income still increased 12.7% to €276m and EBITDA 2.8% to €698m. The positive results were driven by the positive hydro performance, effective cost cutting, supply renegotiation contracts for gas assets and a higher contribution from netw
09 Nov 2016
Another guidance upgrade for 2016. Increasing likelihood of a German-Austrian market separation
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Another guidance upgrade for 2016. Increasing likelihood of a German-Austrian market separation
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
09 Nov 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has once again provided strong 9m results with revenues relatively flat with a 0.8% yoy increase to €2.12bn, but EBITDA increased 11.5% yoy to €810m and net income increased by 48.7% yoy to €466.4m. On an adjusted basis, net income still increased 12.7% to €276m and EBITDA 2.8% to €698m. The positive results were driven by the positive hydro performance, effective cost cutting, supply renegotiation contracts for gas assets and a higher contribution from netw