After a good set of H1 figures, the group has revised upwards its EBITDA and net income full-year guidance (which were considered disappointing at the time of their announcement), and, as the pay-out ratio guidance remains unchanged, we can expect an increase in the dividend. The new guidance is based on a normalisation of hydro conditions, which, by being 11% higher than the long-term average in H1, is the first growth driver.
01 Aug 2019
Mean reverting is expected for H2
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Mean reverting is expected for H2
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
01 Aug 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
After a good set of H1 figures, the group has revised upwards its EBITDA and net income full-year guidance (which were considered disappointing at the time of their announcement), and, as the pay-out ratio guidance remains unchanged, we can expect an increase in the dividend. The new guidance is based on a normalisation of hydro conditions, which, by being 11% higher than the long-term average in H1, is the first growth driver.