Verbund : Verbund lifts its guidance. Buy maintained, target price lifted to € 36 vs € 32
>Verbund lifts its guidance - Verbund announced yesterday in the early afternoon that it was revising up its earnings forecasts for FY 2018. The group is now forecasting EBITDA of around € 950m (previously around € 870m) and group net profit of € 370m (previously around € 320m). The group’s adjusted profit is now forecast at € 365m (previously around € 320m). The guidance is based on normal hydrological conditions and winds (equal to their historic average) for the re...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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