Verbund : Exceptional factors in the short term but what support thereafter? Exceptional factors in the short term but what support thereafter?
>FY 2021 results broadly in line with our expectations - Verbund published yesterday 2021 results that came in a shade above forecasts. EBITDA was € 1,579m, up 22% y-o-y, vs our forecast for € 1,558m and the consensus at € 1,570m. As expected, the 2021 performance benefited from more favourable market price conditions and a good performance from flexibility products due to the volatility. EBIT was € 1,267m, up 37% vs the previous year (vs our forecast of € 1,122m and ...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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