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Verbund: Warning Concerning Profit

Published: October 28, 2010; 12:37 · (Vindobona)

Despite worsening results, the Verbund Group holds fast to the capital increase. Core shareholders go along.

Verbund: Warning Concerning Profit / Picture: © Verbund AG

Contrary to general expectations, Verbund CEO Wolfgang Anzengruber announced a decline of overall earnings by 25%. This message is considered as surprising, because Verbund share prices have previously recorded continuous gains.

The reason for the drop in profits are once-only effects in financial results. In particular, the French subsidiary Poweo had to be…

This article includes a total of 165 words.

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Verbund: Warning Concerning Profit

Despite worsening results, the Verbund Group holds fast to the capital increase. Core shareholders go along.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.