Verbund : Fine-tuning ahead of some big manoeuvres
>9M 2021 ahead of expectations - Verbund exceeded expectations with the 9M 2021 results it released yesterday. EBITDA expanded by 16% y-o-y to € 1,150.6m while we were looking for € 1,106m, and EBIT grew by 22% y-o-y to € 843.6m while we had forecast € 786m. Net profit, meanwhile, increased by 23% y-o-y to € 587.4m vs an expected € 543m. This solid 9M performance was mostly driven by higher selling prices averaging € 51.5/MWh vs € 43.9€/MWh in 9M 2020, increased earn...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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