VERBUND AG · ISIN: AT0000746409 · EQS - Company News

Results for quarters 1–3/2024: Decline in earnings despite good water supply and higher wind and PV output

The unmistakeable impact of climate change could be felt yet again in quarter 3/2024, which was marked by extreme weather conditions. Parts of Austria saw localised flooding in September. At the same time, we experienced a hot, dry summer intensified by the exceptionally warm Adriatic Sea, prompting severe storms and extreme weather phenomena. In light of this, it is abundantly clear that climate change is well underway and affects us all. In order to address climate change, we are pursuing VER...

VIE:VER Price indication powered by TradingView

About the publication

Corporate Insights - Short Sales, Director's Dealings, Sentiment Indicators - THE info hub for the informed investor

Smart tools for smart investors can be found in our Tools section

Corporate News VERBUND AG

In this overview you can view company news in the chronological order of publication. The source information comes from EQS News, the leading European news distributor. The most recent news item is listed first.
Back to Corporate News Overview
This might be interesting for you as well
Analyst Ratings (0)
Directors Dealings (0)
Short Selling (DE) (0)
Short Selling (UK) (0)
07 November 2024 07:59AM
Results for quarters 1–3/2024: Decline in earnings despite good water supply and higher wind and PV output
AT0000746409
The unmistakeable impact of climate change could be felt yet again in quarter 3/2024, which was marked by extreme weather conditions. Parts of Austria saw localised flooding in September. At the same time, we experienced a hot, dry summer intensified by the exceptionally warm Adriatic Sea, prompting severe storms and extreme weather phenomena. In l...
VERBUND AG
About the publication
24 October 2024 11:08AM
Climate Transition Plan published – VERBUND plans to be climate neutral by 2040 and achieve net zero by 2050
AT0000746409
As a leading Austrian energy company and one of the largest producers of hydroelectricity in Europe, VERBUND is committed to becoming climate neutral by 2040 and achieving net zero greenhouse gas emissions by 2050. With the Climate Transition Plan published today, VERBUND has set a clear path with measurable targets and actions to reduce greenhous...
VERBUND AG
About the publication
30 July 2024 11:12AM
VERBUND acquires approx. 110 MWp PV project portfolio in Italy
AT0000746409
VERBUND AG hereby announces the signing and closing of an acquisition of an approx. 110 MWp PV project portfolio in Central Italy (Lazio). The portfolio was sold by KE-RENINVESTMENT S.A., the Spanish holding company of the Turkish investor Kinesis Enerji.   The PV portfolio with a total capacity of approx. 110 MWp comprises two projects at advanc...
VERBUND AG
About the publication
25 July 2024 07:59AM
Results for quarters 1–2/2024: decline in earnings due to sharp drop in sales prices
AT0000746409
After a record year in 2023, VERBUND entered financial year 2024 as a strong, resilient and well-positioned company. However, the energy market was volatile in quarters 1–2/2024. In particular, the key value driver for VERBUND – the wholesale price for electricity – is fluctuating considerably. Overall, wholesale prices remain higher than before th...
VERBUND AG
About the publication
21 May 2024 11:00AM
VERBUND successfully places new EUR 500 million Green Bond including biodiversity
AT0000746409
VERBUND AG, Austria's leading utility company, has taken another step in its long-standing green finance strategy and successfully issued a green bond including biodiversity. The green bond including biodiversity for EUR 500 million with a term of 7 years was extremely well received by the investor community in a competitive environment and was the...
VERBUND AG
About the publication
21 May 2024 11:00AM
VERBUND successfully places new EUR 500 million Green Bond including biodiversity
AT0000746409
VERBUND AG, Austria's leading utility company, has taken another step in its long-standing green finance strategy and successfully issued a green bond including biodiversity. The green bond including biodiversity for EUR 500 million with a term of 7 years was extremely well received by the investor community in a competitive environment and was the...
VERBUND AG
About the publication
08 May 2024 07:58AM
Results for quarter 1/2024: slightly lower earnings despite good water supply
AT0000746409
Having posted the best result in its history last year, VERBUND can look back on an extremely successful 2023 and is starting 2024 strong, resilient and well-positioned. However, the energy market value drivers that are key to VERBUND’s earnings have deteriorated compared to the highs of 2022. The second half of 2023 saw another sharp fall in price...
VERBUND AG
About the publication
14 March 2024 07:58AM
2023 annual results: VERBUND posts encouraging business performance in 2023
AT0000746409
The VERBUND Group’s strategic and economic development in 2023 took place in a highly complex environment that was impacted in no small measure by geopolitical turmoil and macro- and microeconomic factors, along with sector-specific developments and regulatory/political decisions. Overall, 2023 was a very successful year for our Group, and as a str...
VERBUND AG
About the publication
13 February 2024 05:56PM
Executive Board proposes distribution of a special dividend for financial year 2023
AT0000746409
The Executive Board of VERBUND AG has resolved to propose to the 2024 Annual General Meeting the distribution of a special dividend of €0.75 per share (prior year: €1.16 per share) in addition to the regular dividend of €3.40 per share (prior year: €2.44 per share). The special dividend will allow shareholders to participate in the Group’s extraord...
VERBUND AG
About the publication
08 February 2024 06:30PM
Earnings forecast for financial year 2024 is significantly below market expectations
AT0000746409
The Executive Board of VERBUND AG announced today that the earnings forecast for financial year 2024 deviates significantly from market expectations. The rapid and massive drop in wholesale prices for electricity, caused by the fall in primary energy prices and the prices of emission allowances as well as lower earnings contribution in the Grid seg...
VERBUND AG
About the publication
02 November 2023 07:59AM
Strong income trend with improved outlook for 2023
AT0000746409
The energy system is currently undergoing a comprehensive transformation stemming from the dilemma of how to balance climate action and decarbonisation plus achieving greater energy independence with the need to maintain security of supply. A key component of the shift to an essentially carbon-free energy system is large-scale expansion of electric...
VERBUND AG
About the publication
25 October 2023 08:29AM
Acquisition of a 56.4 MW wind portfolio in Germany
AT0000746409
VERBUND AG hereby announces the acquisition of a 56.4 MW wind portfolio in Germany’s federal states of Hesse, North Rhine-Westphalia and Lower Saxony. The seller is an infrastructure fund managed by Impax Asset Management. The wind portfolio comprises five operational wind farms with a total capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, M...
VERBUND AG
About the publication
27 July 2023 07:59AM
strong income trend in the first half of 2023
AT0000746409
Towards the end of 2022, the situation in the energy markets began to ease slightly, continuing to do so in quarters 1–2/2023. In the first half of 2023, wholesale gas prices fell significantly compared with the previous year. This was due to high stocks at gas storage facilities coupled with weaker demand for gas. Accordingly, wholesale electricit...
VERBUND AG
About the publication
27 July 2023 07:59AM
VERBUND AG: Results for quarters 1–2/2023: strong income trend in the first half of 2023
AT0000746409
Towards the end of 2022, the situation in the energy markets began to ease slightly, continuing to do so in quarters 1–2/2023. In the first half of 2023, wholesale gas prices fell significantly compared with the previous year. This was due to high stocks at gas storage facilities coupled with weaker demand for gas. Accordingly, wholesale electricit...
VERBUND AG
About the publication
25 July 2023 06:17PM
Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
AT0000746409
VERBUND AG hereby announces the acquisition of operative wind power plants in Spain with a total capacity of 257 MW and potential for hybridisation and repowering from EDP Renewables Europe, S.L.U. (“EDPR”) for an enterprise value of approx. €0.46bn. VERBUND Green Power GmbH will acquire 100% of the shares in Viesgo Renovables S.L. and Viesgo Euro...
VERBUND AG
About the publication
25 July 2023 06:17PM
VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
AT0000746409
VERBUND AG hereby announces the acquisition of operative wind power plants in Spain with a total capacity of 257 MW and potential for hybridisation and repowering from EDP Renewables Europe, S.L.U. (“EDPR”) for an enterprise value of approx. €0.46bn. VERBUND Green Power GmbH will acquire 100% of the shares in Viesgo Renovables S.L. and Viesgo Euro...
VERBUND AG
About the publication
11 May 2023 07:59AM
strong income trend despite lower water supply
AT0000746409
The situation in the energy markets eased slightly in quarter 1/2023, continuing the trend that had begun at the end of 2022. Wholesale prices for gas and electricity receded significantly in the quarter now ended – at times even falling below the levels recorded before the outbreak of the war in Ukraine – as concerns about Europe having adequate s...
VERBUND AG
About the publication
11 May 2023 07:59AM
VERBUND AG: Results for quarter 1/2023: strong income trend despite lower water supply
AT0000746409
The situation in the energy markets eased slightly in quarter 1/2023, continuing the trend that had begun at the end of 2022. Wholesale prices for gas and electricity receded significantly in the quarter now ended – at times even falling below the levels recorded before the outbreak of the war in Ukraine – as concerns about Europe having adequate s...
VERBUND AG
About the publication
27 March 2023 07:59PM
VERBUND’s Supervisory Board appoints Executive Board of VERBUND AG
AT0000746409
At its meeting today, the Supervisory Board of VERBUND AG appointed the members of the Executive Board and set their terms of office from 1 January 2024. The three current board members Michael Strugl, Peter F. Kollmann and Achim Kaspar were all reappointed. Susanna Zapreva-Hennerbichler, currently Chairwoman of the Executive Board of German compan...
VERBUND AG
About the publication
27 March 2023 07:59PM
VERBUND AG: VERBUND’s Supervisory Board appoints Executive Board of VERBUND AG
AT0000746409
At its meeting today, the Supervisory Board of VERBUND AG appointed the members of the Executive Board and set their terms of office from 1 January 2024. The three current board members Michael Strugl, Peter F. Kollmann and Achim Kaspar were all reappointed. Susanna Zapreva-Hennerbichler, currently Chairwoman of the Executive Board of German compan...
VERBUND AG
About the publication
16 March 2023 07:59AM
VERBUND posts encouraging business performance in 2022
AT0000746409
Difficult geopolitical and energy market developments cast a shadow over 2022, radically changing the conditions in the energy industry. Particularly the war in Ukraine caused significant distortion in Europe’s energy markets that led to rocketing prices and extreme price volatility, along with marked shifts in supply and demand structures. Prices ...
VERBUND AG
About the publication
16 March 2023 07:59AM
VERBUND AG: 2022 annual results: VERBUND posts encouraging business performance in 2022
AT0000746409
Difficult geopolitical and energy market developments cast a shadow over 2022, radically changing the conditions in the energy industry. Particularly the war in Ukraine caused significant distortion in Europe’s energy markets that led to rocketing prices and extreme price volatility, along with marked shifts in supply and demand structures. Prices ...
VERBUND AG
About the publication
21 December 2022 12:25PM
Impact on VERBUND of the levy on excess profits
AT0000746409
Following the resolution of the Federal Act on the Electricity Energy Crisis Contribution (Bundesgesetz über den Energiekrisenbeitrag-Strom, EKB-S) in the Austrian National Council on 13 December 2022, the Management of VERBUND AG provides an overview below of the measures adopted and their expected impact on VERBUND. The law in Austria essentiall...
VERBUND AG
About the publication
21 December 2022 12:25PM
VERBUND AG: Impact on VERBUND of the levy on excess profits
AT0000746409
Following the resolution of the Federal Act on the Electricity Energy Crisis Contribution (Bundesgesetz über den Energiekrisenbeitrag-Strom, EKB-S) in the Austrian National Council on 13 December 2022, the Management of VERBUND AG provides an overview below of the measures adopted and their expected impact on VERBUND. The law in Austria essentiall...
VERBUND AG
About the publication
13 December 2022 03:37PM
VERBUND AG enters Italian market after signing a cooperation agreement with the PV-Invest Group and acquiring a photovoltaic project portfolio of up to 250 MWp in Apulia
AT0000746409
Following the successful entry into the Spanish market, VERBUND AG’s Executive Board is hereby announcing the company’s market entry into the Italian market. The basis for this is provided by a cooperation agreement with the PV-Invest Group for the acquisition of a project development company including development of a photovoltaic (PV) project por...
VERBUND AG
About the publication
13 December 2022 03:37PM
VERBUND AG: VERBUND AG enters Italian market after signing a cooperation agreement with the PV-Invest Group and acquiring a photovoltaic project portfolio of up to 250 MWp in Apulia
AT0000746409
Following the successful entry into the Spanish market, VERBUND AG’s Executive Board is hereby announcing the company’s market entry into the Italian market. The basis for this is provided by a cooperation agreement with the PV-Invest Group for the acquisition of a project development company including development of a photovoltaic (PV) project por...
VERBUND AG
About the publication
03 November 2022 07:58AM
Positive income trend fuelled by increase in wholesale prices for electricity; earnings forecast for 2022 adjusted because of the lower water supply
AT0000746409
Tough geopolitical and energy market developments cast a shadow over VERBUND in quarter 3/2022. The ongoing war in Ukraine, record inflation and expectations of interest rate hikes were the principal factors impacting on the Group’s business performance. The difficult economic climate caused significant distortion in Europe’s energy markets above a...
VERBUND AG
About the publication
03 November 2022 07:58AM
VERBUND AG: results for quarters 1–3/2022: Positive income trend fuelled by increase in wholesale prices for electricity; earnings forecast for 2022 adjusted because of the lower water supply
AT0000746409
Tough geopolitical and energy market developments cast a shadow over VERBUND in quarter 3/2022. The ongoing war in Ukraine, record inflation and expectations of interest rate hikes were the principal factors impacting on the Group’s business performance. The difficult economic climate caused significant distortion in Europe’s energy markets above a...
VERBUND AG
About the publication
28 July 2022 07:58AM
Positive income trend fuelled by increase in wholesale prices for electricity
AT0000746409
  Geopolitical tensions, the ongoing war in Ukraine, record inflation and expectations of interest rate hikes continued to dominate the landscape in quarter 2/2022. The difficult economic climate caused significant distortion in Europe’s energy markets as well as sharp increases and volatility in energy prices. Changes in gas supply volumes and a ...
VERBUND AG
About the publication
28 July 2022 07:58AM
VERBUND AG: results for quarters 1–2/2022: Positive income trend fuelled by increase in wholesale prices for electricity
AT0000746409
  Geopolitical tensions, the ongoing war in Ukraine, record inflation and expectations of interest rate hikes continued to dominate the landscape in quarter 2/2022. The difficult economic climate caused significant distortion in Europe’s energy markets as well as sharp increases and volatility in energy prices. Changes in gas supply volumes and a ...
VERBUND AG
About the publication
25 May 2022 11:45AM
VERBUND AG: Executive Board proposes distribution of a special dividend for financial year 2022
AT0000746409
The Executive Board of VERBUND AG has resolved to propose to the 2023 Annual General Meeting the distribution of a special dividend in the amount of €400m in addition to the regular dividend, which is based on a payout ratio of between 45% and 55% of the Group result for 2022 after adjustment for non-recurring effects. The one-off special dividend ...
VERBUND AG
About the publication
12 May 2022 07:58AM
VERBUND AG: Results for quarter 1/2022: positive income trend fuelled by strongly increased sales prices for electricity
AT0000746409
Prices for primary energy in the international procurement markets had already rocketed in 2021. This trend was exacerbated by the outbreak of the war in Ukraine in late February 2022. Supply shortages and low stocks in Europe coupled with high demand were especially noticeable in the development of gas prices. The uncertainty around gas deliveries...
VERBUND AG
About the publication
09 May 2022 10:17AM
VERBUND AG: Acquisition of an operational renewables portfolio (82 MWp) and of a development platform (around 2,100 MW at an advanced stage) in Spain
AT0000746409
VERBUND AG hereby announces the acquisition of a regulated and operational PV portfolio in Spain, with a total installed capacity of 82 MWp. Furthermore, the acquisition also includes an extensive development platform (wind and PV), together with its development team. Approximately 2,100 MW of this platform is at an advanced stage of project develo...
VERBUND AG
About the publication
17 March 2022 07:59AM
VERBUND AG: 2021 annual results: VERBUND posts very encouraging business and share price performance in 2021
AT0000746409
The VERBUND Group delivered a very strong performance in 2021. The financial year was marked by a huge rise in wholesale electricity prices in Europe, which are a key value driver for VERBUND's performance. This trend can be attributed to two main factors. First, the strong commitment of the EU member states to achieving comprehensive decarbonisati...
VERBUND AG
About the publication
09 March 2022 01:30PM
VERBUND AG: VERBUND acquires a 70% share in one photovoltaic and four wind power project companies in Spain with a total capacity of 171 MW from Capital Energy Power Vortice S.L.U.
AT0000746409
VERBUND AG announces the acquisition of 70% of four wind farms and one photovoltaic plant developed by Capital Energy in Spain. The four wind and one PV project companies, respectively, will have a total capacity of 171 MW and will consist of four windfarms totalling to 151 MW, as well as one solar plant with an installed capacity of 20 MWp. The pr...
VERBUND AG
About the publication
29 November 2021 08:28AM
VERBUND AG: VERBUND acquires 150 MWp solar park from BayWa r.e. near Granada, Spain
AT0000746409
VERBUND AG has acquired the Illora solar project in Southern Spain from BayWa r.e. The Illora solar park is located in Pinos Puente close to Granada. The park is divided into three photovoltaic blocks with a planned total capacity of 147.6 MWp. Illora will produce approximately 260 GWh of green electricity per year. Construction of the solar park c...
VERBUND AG
About the publication
04 November 2021 08:00AM
VERBUND AG: Results for quarters 1-3/2021: encouraging results due to positive energy market environment
AT0000746409
The energy market environment for the development of our business continued to present a very positive picture in the reporting period. Prices for primary energy sources in particular rose sharply in quarters 1-3/2021. Below-average gas storage inventories, unfavourable weather conditions and interruptions to supply in an environment in which deman...
VERBUND AG
About the publication
27 October 2021 02:07PM
VERBUND AG: updated schedule of VERBUND AG (ISIN AT0000746409)
AT0000746409
The postponement of the 75th Annual General Meeting of VERBUND AG to Monday, 25 April 2022 has also led to changes in the corresponding dates. The Annual General Meeting will be convened in due time in accordance with the Austrian Stock Corporation Code (Aktiengesetz, AktG) and the Articles of Association. Please find the updated capital market c...
VERBUND AG
About the publication
12 October 2021 12:26PM
VERBUND AG: VERBUND raises earnings forecast for 2021
AT0000746409
The management of VERBUND AG is today announcing an increase in its earnings forecast for financial year 2021. In a significantly improved energy environment, based on the assumption of average own generation from hydropower and wind power for the remainder of the year, as well as the present opportunity and risk situation for financial year 2021, ...
VERBUND AG
About the publication
29 July 2021 07:59AM
VERBUND AG: Results for quarters 1-2/2021: positive income trend due to higher sales prices and first-time consolidation of Gas Connect Austria GmbH
AT0000746409
The Group turned in a very satisfactory business performance in quarters 1-2/2021. The energy market environment continued to improve apace, and particularly prices for European CO2 emission rights, which are crucial for the switch from carbon-intensive coal-fired power generation to lower-carbon gas-fired power generation, and the prices for prima...
VERBUND AG
About the publication
08 June 2021 10:20AM
VERBUND AG: Chairman of the Supervisory Board resigns
AT0000746409
The Chairman of the Supervisory Board of VERBUND AG, MMag. Thomas Schmid, has informed the company that, following his departure from the Management Board of the Österreichische Beteiligungs AG (ÖBAG), he is resigning his position as a Member and Chairman of the Supervisory Board of VERBUND AG with immediate effect. Mag. Martin Ohneberg, Deputy Ch...
VERBUND AG
About the publication
31 May 2021 03:31PM
VERBUND AG: Acquisition of 51% stake in Gas Connect Austria GmbH completed
AT0000746409
On 12 March 2020, VERBUND AG ("VERBUND") issued inside information announcing that VERBUND was examining the financial and strategic aspects of a possible acquisition of OMV's 51% stake in Gas Connect Austria GmbH. On 15 June 2020, VERBUND issued inside information disclosing that, after examining the proposal, the Executive Board of VERBUND had de...
VERBUND AG
About the publication
12 May 2021 07:58AM
VERBUND AG: Results for quarter 1/2021: earnings down slightly due to lower water supply
AT0000746409
The energy market environment, which is vitally important for our business, continued to improve in recent months in spite of the COVID-19 crisis. Wholesale electricity prices, one of the main value drivers of VERBUND's business performance, increased on the back of rising prices for CO2 emission rights, which are being pushed up by the strong comm...
VERBUND AG
About the publication
27 April 2021 11:39AM
VERBUND AG: announcement of a cooperation with Visiolar GmbH to develop photovoltaic projects in Germany with a capacity of up to 2,000 MW
AT0000746409
The management of VERBUND AG hereby announces the start of a cooperation between VERBUND AG and Visiolar GmbH. Potsdam-based Visiolar is part of the Lindhorst Group, a group of companies of many years' standing with experience in the agricultural sector, which operates in the German state of Lower Saxony. With its extensive properties available for...
VERBUND AG
About the publication
22 December 2020 11:54AM
VERBUND AG: Standard & Poor's A/stable outlook rating confirmed
AT0000746409
VERBUND AG hereby announces that the Standard & Poor's rating committee has taken the decision to leave VERBUND AG's long-term rating unchanged at its current high level of A/stable outlook. VERBUND is thus once again among Europe's most creditworthy utilities. This is extremely encouraging, especially against the backdrop of the increasing gr...
VERBUND AG
About the publication
05 November 2020 07:59AM
VERBUND AG: Results for quarters 1-3/2020: Earnings up, profitability improved and debt reduced despite COVID-19 crisis
AT0000746409
The energy market environment, which is vitally important for VERBUND, has improved again following the deterioration caused by COVID-19. This environment has enabled VERBUND to present a good result for the first three quarters of 2020, despite the fall in demand for electricity in Austria. Although we are still in crisis mode, operations are runn...
VERBUND AG
About the publication
23 September 2020 08:00AM
VERBUND AG: Binding offer for the acquisition of a 51% stake in Gas Connect Austria GmbH accepted
AT0000746409
On 12 March 2020, VERBUND AG ("VERBUND") issued insider information announcing that VERBUND was examining the financial and strategic aspects of a possible acquisition of OMV's 51% stake in Gas Connect Austria GmbH. On 15 June 2020, VERBUND issued insider information disclosing that, after examining the proposal, the Executive Board of VERBUND deci...
VERBUND AG
About the publication
30 July 2020 07:59AM
VERBUND AG: Results for quarters 1-2/2020: Slight decrease in earnings due to negative impacts of COVID-19 and lower water supply
AT0000746409
VERBUND's business model is demonstrating its value in an environment dominated by COVID-19. The focus on electricity generation from renewable energy, the expansion of the Austrian high-voltage grid, the focusing of sales activities in a downstream project and the development of innovative new lines of business are making a significant contributio...
VERBUND AG
About the publication
More VERBUND AG related information
Type Total Last Made by Go to
Corporate Research 0 - - Corporate Research
Directors Dealings 0 - - DD
Short Seller (DE) 0 - - SSR (DE)
Short Seller (UK) 0 - - SSR (UK)
Disclaimer:

The combination of information with graphic elements makes an important contribution to visual orientation and navigation through complex factual topics. Essential content features can be perceived, grasped and contextually processed much faster. 
The figurative marks, logos and other graphic and textual elements used on this website are for illustrative purposes only. All rights to the aforementioned elements are held by their respective owners. They are used without the intention of copyright infringement or intellectual property infringement.

If you believe that copyrights or intellectual property have been infringed by the choice of illustration, please contact us immediately to clarify the issue.

v.07062023 EN