Verbund : No surprises in the earnings release apart from an impairment
>Results broadly in line with our expectations - Verbund yesterday morning released H1 2024 results in line with our estimates. EBITDA came in at € 1,762m (-21.9% y-o-y) vs ODDO BHF’s estimate of € 1,764m, EBIT declined as well, by 25.7% to € 1,477m vs our estimate of € 1,476m, and group net income was down by 29% to € 910m vs € 976m expected (ODDO BHF). Adjusted for the € 195m impairment recorded on GCA (Gas Connect Austria), adjusted net income was a shade above our...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.