Verbund : H1 2020 results in line with estimates and bottom of the guidance raised
>H1 results in line with estimates - This morning, Verbund released (at 8.00 a.m.) H1 2020 results in line with estimates. EBITDA came in at € 639m (ODDO BHF at € 649m and FactSet Consensus at € 636m) and EBIT at € 435m (ODDO BHF at € 460m and Consensus at € 443m). Net reported income totalled € 310m and net adjusted income came in at € 301m vs our expectations of € 306m and consensus at € 302m. As expected H1 was impacted by lower water supply with the hydro coeffic...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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