Verbund : Next catalyst a little too far away at the moment
>9M 2020 results ahead of expectations - Verbund yesterday morning reported 9M 2020 results ahead of expectations. EBITDA came in at € 989.5m (+5% y-o-y) vs ODDO BHF at € 927m and EBIT at € 693m (+2% y-o-y) vs ODDO BHF at € 640m. As expected, 9M 2020 results benefited from: 1/ the increase in water supply during Q3 (hydro coefficient at 1.05 vs 0.85 in Q3 2019, 5% above the long-term average for the quarter) and 2/ the increase in wholesale electricity prices on the ...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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