The group has been suffering from the dry weather as the water supply was 6% below the long-term average. In addition, lower achieved prices have impacted EBITDA, which decreased by 5% to €663.5m, operating cash flows are down 26.4% and the adjusted net income reached €252.1m, down 8.8%. But all are within expectations. The group maintains its EBITDA outlook at €830m, but has raised net income by 6.7% to €320m from €300m previously.
08 Nov 2017
Net income guidance raised (once again)
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Net income guidance raised (once again)
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
08 Nov 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has been suffering from the dry weather as the water supply was 6% below the long-term average. In addition, lower achieved prices have impacted EBITDA, which decreased by 5% to €663.5m, operating cash flows are down 26.4% and the adjusted net income reached €252.1m, down 8.8%. But all are within expectations. The group maintains its EBITDA outlook at €830m, but has raised net income by 6.7% to €320m from €300m previously.