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Verbund: Erste Group Pessimistic

Published: August 7, 2012; 13:55 · (Vindobona)

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 €…

This article includes a total of 113 words.

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