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Verbund: Better Results, Outlook Raised

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: © Flickr

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…

This article includes a total of 210 words.

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