Verbund : A significant profit warning on the outlook
>Verbund has observed a significant gap between its estimates and the consensus for 2024 - Yesterday evening, Verbund's executive committee announced, via a press release, that its estimates for financial performance were significantly below those of the consensus for 2024. The rapid decline in electricity prices and the price of coal as well as the anticipation of a deterioration in the performance at the grid activity is set to have a negative impact on the group’s ...Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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