1. Homepage
  2. Equities
  3. Austria
  4. Wiener Boerse
  5. Verbund AG
  6. News
  7. Summary
    VER   AT0000746409


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Verbund : EnBW invests in VERBUND subsidiary SMATRICS

12/13/2021 EDT

EnBW Energie Baden-Württemberg AG is taking on 25.1 percent of the shares in the VERBUND subsidiary SMARTRICS through its own subsidiary EnBW mobility+ AG & Co.KG. The software solutions and services of SMATRICS enable business customers and partner companies to use or offer comprehensive e-mobility solutions. All parties agreed that the details of the transaction would be confidential. Completion is still subject to the approval of the relevant anti-trust authorities. SMATRICS and EnBW founded the joint subsidiary SMATRICS EnBW in 2020. With already around 250 DC rapid-charging points, the joint venture operates the largest rapid-charging network in Austria - and is advancing the expansion of electromobility.

"When the largest Austrian provider of green electricity and the operator of the largest public rapid-charging network in German collaborate even more closely, that represents a zero-emission turbo boost for the mobility of the future," says a delighted VERBUND CEO Michael Strugl. VERBUND AG is Austria's leading energy company and one of Europe's largest generators of electricity from hydropower. The company generates around 97 percent of its electricity from renewables, primarily hydropower. Strugl: "Decisive for the successful introduction of e-mobility are the framework conditions and the infrastructure, as well as the provision of electricity generated from fully renewable energy."

The participation of EnBW in SMATRICS lays the foundations for an even closer collaboration between the two companies. As Tim Sillober, Chief Sales & Operations Officer at EnBW puts it: "After our successful joint venture for the charging infrastructure expansion in Austria, this investment is exactly the right step. It enables us to interact even better for far-reaching product cooperation. Our companies' competences complement each other ideally, especially in the area of fleet and business customers. This is how we are able to further advance the success of electromobility."

This year, EnBW and SMATRICS have already developed a public utilities offer and launched a complete charging solution for fleet operators. SMATRICS Managing Director Hauke Hinrichs also sees the entry of EnBW as a strategic partner as a means to strengthen the content that SMATRICS focuses on as an IT and tech company in the field of e-mobility: "EnBW concentrates on end customers and we work in the background to provide the technological solutions required." In the future, Hinrichs would like to increasingly position SMATRICS as a technological e-mobility partner for energy suppliers, public utilities or companies in the energy industry.


Verbund AG published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2022 16:07:04 UTC.

© Publicnow 2021
All news about VERBUND AG
05/25VERBUND AG : Executive Board proposes distribution of a special dividend for financial yea..
05/25VERBUND AG Proposes Special Dividend for Financial Year 2022
05/19Verbund Partners With Borealis To Install New Rooftop Photovoltaic Array In Austria
05/12GLOBAL MARKETS LIVE : Walt Disney, Apple, Vodafone, Boeing, Ford...
05/12TRANSCRIPT : VERBUND AG, Q1 2022 Earnings Call, May 12, 2022
05/12Verbund 1Q Results Improve on Higher Electricity Prices
05/12Verbund Q1 Profit Soars as Electricity Wholesale Prices Surge
05/12AFR : VERBUND AG: Release of a Financial report
05/12VERBUND AG : Results for quarter 1/2022: positive income trend fuelled by strongly increas..
05/12VERBUND AG : 1st quarter report
More news
Analyst Recommendations on VERBUND AG
More recommendations
Sales 2022 5 201 M 5 553 M 5 553 M
Net income 2022 1 856 M 1 982 M 1 982 M
Net Debt 2022 1 702 M 1 818 M 1 818 M
P/E ratio 2022 17,1x
Yield 2022 2,37%
Capitalization 31 702 M 34 007 M 33 851 M
EV / Sales 2022 6,42x
EV / Sales 2023 5,23x
Nbr of Employees 3 625
Free-Float 34,3%
Duration : Period :
Verbund AG Technical Analysis Chart | VER | AT0000746409 | MarketScreener
Technical analysis trends VERBUND AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 12
Last Close Price 91,25 €
Average target price 85,47 €
Spread / Average Target -6,34%
EPS Revisions
Managers and Directors
Michael Strugl Chairman-Management Board & CEO
Peter F. Kollmann Chief Financial Officer
Martin Ohneberg Chairman-Supervisory Board
Karl Stadler Head-Corporate Governance & Compliance
Jürgen Roth Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
VERBUND AG-7.74%33 851
NEXTERA ENERGY-19.89%146 925
IBERDROLA, S.A.9.65%77 448