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Verbund Reports Mixed Results
The decline in profit by 12% in 2011 is justified with “difficult conditions in the energy market environment and the overall economy”. Sales and operating results were up substantially.
Verbund Reports Mixed Results / Picture: © Vindobona.org
Revenue rose 16.9% to € 3,865.4m in 2011. The operating result rose 20.9% to € 1,001.6m. The hydro coefficient, which is the measured value for the generation from run-of-river and pondage power plants, was 0.89 in 2011, or 11% below the long-term average and 10 percentage points below the prior-year figure. At an average of € 49.9/MWh, electricity prices applicable for the 2011…
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