The group continues on its positive earnings trend. The top-line was weak with revenue falling 6% yoy to €2,795m, missing expectations, but EBITDA improved by 17.5% yoy to €1,044m and net income by 104% to €424m. Adjusted for one-offs such as the gas contract negotiation, outstanding issues on district heating, and impairment losses on Romanian wind farms, EBITDA increased 6.6% to €894.5m and net income 21.2% to €325.9m, 4% ahead of expectations. Operating cash flows
08 Mar 2017
Strong 2016 earnings performance; cautious guidance; risks over German-Austrian market separation continue
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Strong 2016 earnings performance; cautious guidance; risks over German-Austrian market separation continue
VERBUND AG Class A (VER:WBO) | 0 0 (-0.6%) | Mkt Cap: 3,680m
- Published:
08 Mar 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group continues on its positive earnings trend. The top-line was weak with revenue falling 6% yoy to €2,795m, missing expectations, but EBITDA improved by 17.5% yoy to €1,044m and net income by 104% to €424m. Adjusted for one-offs such as the gas contract negotiation, outstanding issues on district heating, and impairment losses on Romanian wind farms, EBITDA increased 6.6% to €894.5m and net income 21.2% to €325.9m, 4% ahead of expectations. Operating cash flows