Verbund : H1 results expected to be uninspiring but we increase our medium-term forecasts
>No surprises expected in the H1 earnings report - Verbund is set to report its first-half results on 29 July. All told, we expect EBITDA to be down 5.3% to € 605m and a 6.9% decline in EBIT to € 405m. Attributable net profit is expected to fall 11.4% to € 275m. In the short term, Verbund’s performance is influenced by several negative factors: 1/ the poor hedging conditions secured during the lockdown last year, 2/ hydropower production volumes 4 points below the lon...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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