Verbund published strong earnings supported by higher power prices on the wholesale market and by a recovery in hydro generation due to better water supply conditions offsetting lower production from thermal generation. The FY 2023 guidance was confirmed with an increase in the EBITDA range from €3.5-4.4 bn to €3.7-4.3bn.

17 May 2023
Q1 2023: lower volumes more than offset by higher wholesale market prices

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Q1 2023: lower volumes more than offset by higher wholesale market prices
- Published:
17 May 2023 -
Author:
Pierre-Alexandre Ramondenc -
Pages:
3 -
Verbund published strong earnings supported by higher power prices on the wholesale market and by a recovery in hydro generation due to better water supply conditions offsetting lower production from thermal generation. The FY 2023 guidance was confirmed with an increase in the EBITDA range from €3.5-4.4 bn to €3.7-4.3bn.