Verbund: Development of Operating Result Positive

EnergyEnergy Source ♦ Published: April 28, 2011; 10:08 ♦ (Vindobona)

Verbund, Austria's biggest electricity company, presents a considerable better operating result in quarter 1/2011, but a declining Group result due to one-off effects in the previous year that do not apply in the current reporting period.

Verbund: Development of Operating Result Positive / Picture: ©

The operating result increased in quarter 1/2011 by 11.0% to € 215.8m. Revenues were up by 13.8% and rose from € 806.4m to € 917.7m. The EBIT margin fell slightly from 24.1% to 23.5%.

Verbund´s EBITDA amounted to € 273.6m compared to € 250.4m in Q1/2010. The Group result showed a decline by 9.5%: from € 119.8m to € 108.5m. Cash flows from operating activities…