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Verbund: Massive Decline in Results
As forecast, the Austrian energy company has presented a declining result for fiscal 2010. Operating results fell considerably.
Verbund: Massive Decline in Results / Picture: © Vindobona.org
Compared to 2009, sales dropped by 5.0 % to € 3,307.9m, the EBITDA fell by 15.4%, the operating result sank by 20.5 % to € 828.5m, and the group result was reduced by 37.8% to € 400.8m. The controlling group ratios developed as follows: The EBIT margin sank from 29.9% to 25.0%, the gearing saw an improvement from 140.4% to 96.8%, and the operating cash flow de-creased from €…
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