Verbund : Fun time over soon, according to the market
>Q1 results better than expected - Verbund released its Q1 2022 results yesterday, beating forecasts. EBITDA increased by 169% y-o-y to € 815m compared to our estimate of € 669m. As expected, the group’s Q1 2022 performance benefited from more favourable market price conditions and a strong showing from the flexibility products business which is enjoying today’s volatile conditions. See the breakdown by business line on page 2. EBIT jumped by 239% y-o-y to € 706m (ve...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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