EQS-News

VERBUND AG: Results for quarter 1/2024: slightly lower earnings despite good water supply - Seite 2

Earnings forecast for 2024 adjusted

Based on expectations of average levels of own generation from hydropower, wind power and solar power as well as the current opportunities and risks identified, VERBUND expects EBITDA of between around €2,800m and €3,300m and a Group result of between around €1,450m and €1,750m in financial year 2024. VERBUND’s planned payout ratio for financial year 2024 is between 45% and 55% of the Group result of between around €1,450m and €1,750m, after adjusting for non-recurring effects.

The earnings forecast and the information on the expected payout ratio are contingent on VERBUND not being impacted by any further measures to partially tax windfall profits at energy companies.

 

KPIs
	Unit	Q1/2023	Q1/2024	Change
Revenue	€m	3,262.7	2,007.8	–38.5%
EBITDA	€m	967.3	883.4	–8.7%
Operating result	€m	841.4	744.7	–11.5%
Group result	€m	529.0	506.0	–4.3%
Earnings per share	€	1.52	1.46	–4.3%
EBIT margin	%	25.8	37.1	–
EBITDA margin	%	29.6	44.0	–
Cash flow from operating activities	€m	1,363.7	929.3	–31.9%
Free cash flow before dividends	€m	1,160,5	675.0	–41.8%
Free cash flow after dividends	€m	1,160,5	675.0	–41.8%
Performance of VERBUND shares	%	1.7	–19.4	–
Gearing	%	27.5	9.4	–