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    VER   AT0000746409

VERBUND AG

(VER)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/20 05:42:53 am
93.975 EUR   +1.70%
10/12VERBUND : Further Lifts FY21 Guidance Amid Improved Energy Market
MT
10/12VERBUND AG : VERBUND raises earnings forecast for 2021
DJ
10/12Verbund Ag Raises Earnings Forecast for 2021
CI
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Verbund 1st Half Earnings Rose; Raises 2021 Outlook

07/29/2021 | 05:32am EDT

By Cecilia Butini

Austrian electricity company Verbund AG said Thursday that earnings rose in the first half, boosted by higher wholesale electricity prices on the spot markets, though revenue fell, and that it has raised its outlook for the full year.

The company posted a net profit of 324.5 million euros ($384.3 million), up from EUR310.4 million for the same period the previous year.

Earnings before interest, taxes, depreciation and amortization rose to EUR654.9 million in the period from EUR639 million in the prior-year period.

Revenue declined to EUR1 billion from EUR1.71 billion for the same period of 2020.

Based on the average own generation from hydropower and wind power in the third and fourth quarters, Verbund expects Ebitda for 2021 of around EUR1.31 billion to EUR1.41 billion, up from around EUR1.13 billion-EUR1.30 billion previously, it said. Full-year profit is expected to be between EUR590 million and EUR660 million, the company said. It was previously forecast at between EUR480 million and EUR590 million.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

07-29-21 0531ET

Stocks mentioned in the article
ChangeLast1st jan.
VERBUND AG 2.11% 94.45 Delayed Quote.32.28%
All news about VERBUND AG
10/12VERBUND : Further Lifts FY21 Guidance Amid Improved Energy Market
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10/12VERBUND AG : VERBUND raises earnings forecast for 2021
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10/12Verbund Ag Raises Earnings Forecast for 2021
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07/29VERBUND AG Reports Earnings Results for the Second Quarter Ended June 30, 2021
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07/29Verbund 1st Half Earnings Rose; Raises 2021 Outlook
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07/29Verbund Seeks Acquisitions
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Analyst Recommendations on VERBUND AG
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Financials
Sales 2021 3 687 M 4 291 M 4 291 M
Net income 2021 636 M 741 M 741 M
Net Debt 2021 2 336 M 2 719 M 2 719 M
P/E ratio 2021 51,0x
Yield 2021 0,99%
Capitalization 32 101 M 37 353 M 37 359 M
EV / Sales 2021 9,34x
EV / Sales 2022 8,12x
Nbr of Employees 3 011
Free-Float 34,3%
Chart VERBUND AG
Duration : Period :
Verbund AG Technical Analysis Chart | VER | AT0000746409 | MarketScreener
Technical analysis trends VERBUND AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 12
Last Close Price 92,40 €
Average target price 70,31 €
Spread / Average Target -23,9%
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
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