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Verbund AG (VERB.VI)

VERB.VI on Vienna Stock Exchange

33.72EUR
21 Aug 2018
Change (% chg)

€-0.42 (-1.23%)
Prev Close
€34.14
Open
€33.96
Day's High
€34.18
Day's Low
€33.72
Volume
82,316
Avg. Vol
138,418
52-wk High
€34.74
52-wk Low
€17.66

Latest Key Developments (Source: Significant Developments)

Verbund FY EBITDA Down 11.7 Pct At EUR 922.3 Mln
Wednesday, 14 Mar 2018 02:59am EDT 

March 14 (Reuters) - Verbund AG ::DGAP-NEWS: VERBUND AG: ANNUAL RESULTS FOR 2017: STRONG TREND IN THE OPERATING RESULT AND SUCCESSFUL REDUCTION OF DEBT CREATE BASIS FOR HIGHER DIVIDEND.DIVIDEND 0.42 EUR PER SHARE.2017 SHOWED AN 11.7% DECREASE IN EBITDA TO EUR922.3M AND A DECLINE OF 29.0% IN GROUP RESULT TO EUR301.4M.OUTLOOK 2018: VERBUND EXPECTS EBITDA OF AROUND EUR 850M AND A GROUP RESULT OF AROUND EUR 300M.FOR 2018, PLANNING A PAYOUT RATIO OF 40-45% OF GROUP RESULT AFTER ADJUSTMENT FOR NON-RECURRING EFFECTS.  Full Article

Verbund ‍9-mth EBITDA down 18.1% to EUR 663.5 mln​
Wednesday, 8 Nov 2017 01:58am EST 

Nov 8 (Reuters) - VERBUND AG ::DGAP-NEWS: VERBUND AG: RESULTS FOR QUARTERS 1-3/2017: EARNINGS DOWN DUE TO LOW WATER SUPPLY AND ABSENCE OF THE POSITIVE NON-RECURRING EFFECTS REPORTED IN PRIOR-YEAR PERIOD. FULL-YEAR EARNINGS FORECAST RAISED MODERATELY..‍CONTINUES TO EXPECT EBITDA OF APPROXIMATELY EUR830M FOR FULL-YEAR 2017​.‍GROUP RESULT FOR 2017 WILL BE APPROXIMATELY EUR320M​.‍9MTH EBITDA DECREASED BY 18.1%, FROM EUR809.7M TO EUR663.5M​.‍9MTH GROUP RESULT 269.5 MILLION EUROS VERSUS EUR 339.9 MILLION YEAR AGO​.‍9MTH REVENUE 2,161.6 MILLION EUROS, UP 1.8%​.  Full Article

Verbund CFO Kollmann joins Telekom Austria supervisory board
Wednesday, 20 Sep 2017 04:28am EDT 

Sept 20 (Reuters) - Telekom Austria Ag :Says Peter F. Kollmann, born on 25 November 1962 is elected as a member of supervisory board..  Full Article

Verbund CFO not as optimistic regarding power prices as others
Wednesday, 10 May 2017 05:39am EDT 

May 10 (Reuters) - Verbund :CFO says I am not as optimistic regarding power prices as many others because I think demand will go down further, efficiency will go up and oversupply will continue.  Full Article

Verbund says OMV to take a 40 % stake in SMATRICS
Thursday, 27 Apr 2017 06:22am EDT 

April 27 (Reuters) - Verbund AG ::OMV <<>> will take a 40 % stake in SMATRICS, Austria's leading full-service provider of e-mobility.  Full Article

Verbund names Gerhard Roiss new chairman of supervisory board
Wednesday, 5 Apr 2017 09:51am EDT 

Verbund AG :Gerhard Roiss, new chairman of the Verbund supervisory board.  Full Article

Verbund says will decide soon whether to sell Mellach plant
Wednesday, 8 Mar 2017 03:57am EST 

Verbund Ag : Austrian Verbund's CEO says still evaluating whether to sell Mellach plant, decision expected soon Further company coverage: [VERB.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 53112 255;)).  Full Article

Verbund settles outstanding matters associated with Mellach site, raises earnings forecast
Tuesday, 20 Dec 2016 10:55am EST 

Verbund AG : Settlement of all outstanding matters associated with the Mellach power plants site improves earnings forecast . Management is today announcing imminent settlement of all outstanding matters associated with agreement with energie steiermark to supply district heating from Mellach power plants site . Will in this regard erect a boiler plant at Mellach site which is intended to satisfy district heating supply agreement . Verbund is giving itself opportunity to close Mellach hard coal power plant even earlier than in 2020 . Continuing to evaluate all options for Mellach combined cycle gas turbine power plant which is also located at mellach site . Parties have agreed not to disclose any further details of settlement . Management is increasing its earnings forecast for 2016 . Assuming average water and wind supplies to end of year, verbund will achieve EBITDA of approximately 1,010 million euros ($1.05 billion) (previous forecast: 980 million euros) . Expects group result of approximately 410 million euros (previous forecast: 385 million euros) .Adjusted 2016 group result will remain unchanged at approximately 315 million euros as settlement and accounting measurement effects are defined as non-recurring effects.  Full Article

UK'S CMA says Verbund concerned regarding ICE Traport deal
Friday, 7 Oct 2016 05:32am EDT 

UK Competition and Markets Authority: Verbund is very concerned that the acquisition will not offer the same degree of neutrality, in particular if ICE integrates Trayport . Verbund says need for guaranteeing an independent management of Trayport as provider of access and connectivity services .Verbund says need for keeping Trayport as a separate and independent provider for access services to the OTC and exchange markets.  Full Article

Austria's Verbund ups full-year profit forecast

VIENNA Austrian utility Verbund on Wednesday raised its full-year profit forecast thanks to higher power prices and volumes, lifting its shares to the highest level since October 2009.