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

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…
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