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Verbund Posts Substantial Improvement in Earnings
Operating result rose by 22.2% to € 263.6 m. Group profit increased by 10.16%. Nevertheless, the Austrian energy company remains below market expectations.
Verbund Posts Substantial Improvement in Earnings / Picture: © Vindobona.org
In the first quarter of 2012, the biggest Austrian energy provider recorded a rise in revenues by 18.58% to € 837.75m. In the first quarter of 2011, revenues reached € 706.46m. The operating result rose by 22.2% to € 263.6m. The primary reason for this was significantly higher electricity generation due to the very good water supply – generation from hydropower increased by…
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