Verbund Akt.(A) Q1/2024 Results: Slight Earnings Dip Despite Strong Water Supply

• VERBUND AG reported slightly lower earnings for Q1 2024 despite a good water supply.
• The company's EBITDA fell by 8.7% year-on-year to €883.4m, and the Group result was down 4.3% to €506.0m.
• The hydro coefficient for the run-of-river power plants was 36 percentage points above the prior-year figure and 29 percentage points higher than the long-term average.
• Generation from annual storage power plants fell by 4.8% in Q1 2024 compared with the prior-year reporting period.
• The average sales price achieved for own generation from hydropower fell by €84.7/MWh to €118.1/MWh.
• 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.

The next important date, Quarterly report, at Verbund Akt.(A) is on 09.05.2024.

The price of Verbund Akt.(A) at the time of the news was 71,88EUR and was up +0,38 % compared with the previous day.
15 minutes after the article was published, the price was 71,90EUR this corresponds to a plus of +0,03 % since publication.

Verbund Akt.(A)

+0,41 %

+0,97 %

+2,33 %

+14,96 %

-3,39 %

+0,90 %

+54,53 %

+415,99 %

+157,90 %

ISIN:AT0000746409WKN:877738

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