The group has published resilient H1 results, which were negatively affected by the challenging environment in Water supply. Revenues increased by 1.1% to €1.48bn, EBITDA decreased by 7.6% to €415.9m, while the operating result grew by 27.5% to €243.3m. The group’s reported and adjusted results both amounted to €154.5m, respectively increasing by 0.4% and decreasing by 11.2%. Management maintains its earnings outlook for 2017 as the lower contribution from the Grid s
27 Jul 2017
Resilient H1 results, negatively affected by weak hydro conditions
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Resilient H1 results, negatively affected by weak hydro conditions
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
27 Jul 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has published resilient H1 results, which were negatively affected by the challenging environment in Water supply. Revenues increased by 1.1% to €1.48bn, EBITDA decreased by 7.6% to €415.9m, while the operating result grew by 27.5% to €243.3m. The group’s reported and adjusted results both amounted to €154.5m, respectively increasing by 0.4% and decreasing by 11.2%. Management maintains its earnings outlook for 2017 as the lower contribution from the Grid s