Verbund 1st Half Earnings Rose; Raises 2021 Outlook
29 Luglio 2021 - 11:46AM
Dow Jones News
By Cecilia Butini
Austrian electricity company Verbund AG said Thursday that
earnings rose in the first half, boosted by higher wholesale
electricity prices on the spot markets, though revenue fell, and
that it has raised its outlook for the full year.
The company posted a net profit of 324.5 million euros ($384.3
million), up from EUR310.4 million for the same period the previous
year.
Earnings before interest, taxes, depreciation and amortization
rose to EUR654.9 million in the period from EUR639 million in the
prior-year period.
Revenue declined to EUR1 billion from EUR1.71 billion for the
same period of 2020.
Based on the average own generation from hydropower and wind
power in the third and fourth quarters, Verbund expects Ebitda for
2021 of around EUR1.31 billion to EUR1.41 billion, up from around
EUR1.13 billion-EUR1.30 billion previously, it said. Full-year
profit is expected to be between EUR590 million and EUR660 million,
the company said. It was previously forecast at between EUR480
million and EUR590 million.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
July 29, 2021 05:31 ET (09:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Grafico Azioni Verbund (PK) (USOTC:OEZVY)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Verbund (PK) (USOTC:OEZVY)
Storico
Da Ott 2023 a Ott 2024
Notizie in Tempo Reale relative a Verbund AG (PK) (OTCMarkets): 0 articoli recenti
Più Verbund AG (PK) Articoli Notizie