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Verbund: Better Results, Outlook Raised
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: © Vindobona.org
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…
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