Verbund 1Q Earnings Fall; Narrows 2021 View Range
12 Maio 2021 - 7:03AM
Dow Jones News
By Giulia Petroni
Verbund AG said Wednesday that profit and earnings fell on lower
water supply and narrowed the lower end of its full-year forecast
range.
The Austrian electricity company posted a quarterly profit of
144.7 million euros ($175.8 million), compared with EUR156.5
million in the previous year.
Earnings before interest, taxes, depreciation and amortization
was 8.6% lower on year at EUR302.7 million. Revenue dropped to
EUR674.1 million from EUR1.26 billion.
For 2021, Verbund said it expects Ebitda to be at around EUR1.13
billion-EUR1.30 billion from a previous forecast of around EUR1.08
billion and EUR1.30 million. Profit should come between around
EUR480 million and EUR590 million from previously EUR450 million
and EUR590 million.
It added its planned payout ratio for 2021 is between 45% and
55% of the group's newly forecasted profit after adjustment for
non-recurring effects.
At 0918 GMT, shares trade 1.6% higher at EUR71.55.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 12, 2021 05:48 ET (09:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Verbund (PK) (USOTC:OEZVY)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Verbund (PK) (USOTC:OEZVY)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Verbund AG (PK) da OTCMarkets bolsa de valores: 0 artigos recentes
Mais Notícias de Verbund AG (PK)