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Verbund: Erste Group Pessimistic
The Austrian energy company is expected to record lower earnings in the coming years.
Verbund: Erste Group Pessimistic / Picture: © Verbund AG
According to Erste Group, the weak electricity prices are Verbund´s main problem. The analyst observes an unbroken downward trend of electricity futures prices. As a result, Erste Group cut EPS estimates for the coming years.
Furthermore, the current financial year is burdened by negative one-time effects, Erste Group states. This year, Verbund is expected to reach EBIT of €…
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