EQS-News: VERBUND AG / Key word(s): Annual Results VERBUND AG: 2024 annual results: high earnings despite a decline 20.03.2025 / 07:59 CET/CEST The issuer is solely responsible for the content of this announcement. The 2024 financial year turned out to be challenging, unpredictable and highly volatile in every respect for the energy market. Geopolitical events in particular, especially the war in Ukraine and the associated impacts on European gas prices, but also the weakening economy in Europe, had a massive impact on European wholesale electricity prices, which are a k...
EQS-News: VERBUND AG / Schlagwort(e): Jahresergebnis VERBUND AG: Jahresergebnis 2024: Rückläufiges Ergebnis auf hohem Niveau 20.03.2025 / 07:59 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Das abgelaufene Geschäftsjahr 2024 erwies sich für die Energiewirtschaft in jeder Hinsicht als herausfordernd, wenig planbar und hochvolatil. Vor allem die geopolitischen Ereignisse, insbesondere der Krieg in der Ukraine und die damit verbundenen Auswirkungen auf die europäischen Gaspreise, aber auch die schwächelnde Wirtschaft in Europa hat...
>Results broadly in line with our expectations - Verbund’s 9M 2024 results, reported yesterday evening, were in line with our expectations. Given a sharp drop in contractual prices to € 117/MWh (vs around € 170/MWh last year), nine-month EBITDA dropped to € 2.625bn (-26%) vs € 2.637bn forecast. EBIT came in at € 2.003bn (-36%), including asset impairments. On an adjusted basis (excl. impairments), EBIT came to € 2.198bn (-30.1%), in line with our forecasts, at € 2.23...
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