Verbund: Better Results, Outlook Raised

Businessn.a. ♦ Published: October 24, 2012; 15:46 ♦ (Vindobona)

In the first three quarters of 2012, the Austrian electricity company recorded an increase in revenues and net income.

Verbund: Better Results, Outlook Raised / Picture: ©

Group result increased

In quarters 1–3/2012, operating business was driven in particular by good water supply. At 1.07, the hydro coefficient was 7.0% above the long-term average and 19 percentage points above the previous year’s figure. In addition, Verbund benefited from higher sales prices as a result of its hedging strategy: at an average of € 56.0/MWh, electricity…