We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Verbund AG (PK) | USOTC:OEZVY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.90 | 5.43% | 17.46 | 15.28 | 17.46 | 17.46 | 16.37 | 16.37 | 1,032 | 20:53:11 |
From Jul 2021 to Jul 2024
By Cecilia Butini
Verbund AG said Thursday that its results for the first quarter improved significantly on year as strongly increased sales prices for electricity fueled a positive income trend.
The Austrian electricity provider posted earnings before interest, taxes, depreciation and amortization of 814.9 million euros ($856.8 million), which is 169% up from prior-year levels, it said.
Net profit rose by 255.6% to EUR514.4 million, and generation from Verbund's own annual storage power plants rose by 15.1% in the quarter, the company said.
"The sharp increase in wholesale electricity prices on the futures and spot markets gave a significant boost to earnings," Verbund said, adding that the average sales prices obtained from its own generation from hydropower rose by EUR66.3 per megawatt/hour to EUR113.8 per megawatt/hour.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
May 12, 2022 04:54 ET (08:54 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Verbund (PK) Chart |
1 Month Verbund (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
