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Verbund AG (VERB.VI)

VERB.VI on Vienna Stock Exchange

19.53EUR
15 Dec 2017
Change (% chg)

€-0.23 (-1.16%)
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€19.76
Open
€19.66
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€19.88
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€19.53
Volume
337,794
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97,724
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€22.00
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€13.84

Latest Key Developments (Source: Significant Developments)

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

Verbund improves earnings outlook
Wednesday, 24 Aug 2016 04:05am EDT 

Verbund AG : Upcoming resolution of outstanding issues at VERBUND Thermal Power GmbH & Co KG in Liqu. related to gas deliveries for Mellach improves earnings outlook . Parties have agreed not to disclose the terms under which it is planned to resolve the issues . Due to effects of these plans to resolve outstanding issues, Verbund's management is obliged to raise earnings outlook for 2016 . 2016 adjusted group result will remain unchanged at approximately 290 million euros ($327.53 million), as this effect is defined as a one-time measure .Based on average water supply and wind levels in H2, will generate EBITDA of approximately 960 million euros (previous forecast: 840 million euros) and a group result of approximately 370 million euros (previous forecast: 270 million euros).  Full Article

Verbund says all options open on Mellach plant
Thursday, 28 Jul 2016 03:42am EDT 

Verbund : CFO says write-downs in H1 reached 90 million eur . CFO says Mellach still has book value of 17 million eur . CEO says all options for Mellach plant open, want to decide by year-end Further company coverage: [VERB.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

EU mergers and takeovers (Dec 1)

BRUSSELS, Dec 1 The following are mergers under review by the European Commission and a brief guide to the EU merger process: