Good growth in FY19, but in line with expectations. Growth was supported by a higher achieved price, and favourable weather with a hydro coefficient 7.4% higher than in FY18. EBITDA increased by 37% to €1.2bn. Mechanically, the adjusted net income increased by 60% to reach €0.5bn. Net debt was down by 12% to €2.2bn. In line with the 40-50% pay-out policy, the proposed dividend is €0.69, the current yield is then rather low at 2.1%.
18 Mar 2020
FY19 as expected
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FY19 as expected
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
18 Mar 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
Good growth in FY19, but in line with expectations. Growth was supported by a higher achieved price, and favourable weather with a hydro coefficient 7.4% higher than in FY18. EBITDA increased by 37% to €1.2bn. Mechanically, the adjusted net income increased by 60% to reach €0.5bn. Net debt was down by 12% to €2.2bn. In line with the 40-50% pay-out policy, the proposed dividend is €0.69, the current yield is then rather low at 2.1%.