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Verbund AG (VERB.VI)

VERB.VI on Vienna Stock Exchange

53.05EUR
20 Oct 2020
Change (% chg)

€0.65 (+1.24%)
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€52.40
Open
€52.85
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€53.95
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€52.60
Volume
123,029
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171,570
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€55.55
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€28.40

Latest Key Developments (Source: Significant Developments)

Verbund Announces Binding Offer To Buy 51% Stake In Gas Connect Austria
Wednesday, 23 Sep 2020 

Sept 23 (Reuters) - VERBUND AG ::BINDING OFFER FOR THE ACQUISITION OF A 51% STAKE IN GAS CONNECT AUSTRIA GMBH ACCEPTED.PURCHASE PRICE IMPLIES AN ENTERPRISE VALUE FOR GAS CONNECT AUSTRIA GMBH (FOR 100% OF DEBT-FREE COMPANY) OF EUR 980M.DOES NOT EXPECT TRANSACTION TO HAVE ANY EFFECTS ON ITS FULL-YEAR 2020 GUIDANCE BECAUSE CLOSING WILL NOT TAKE PLACE UNTIL 2021.WILL ALSO ASSUME GAS CONNECT AUSTRIA GMBH'S OUTSTANDING LIABILITIES TO OMV AS AT TIME OF CLOSING IN 2021.  Full Article

Verbund H1 EBITDA Down At EUR 639.0 Mln
Thursday, 30 Jul 2020 

July 30 (Reuters) - VERBUND AG ::RESULTS FOR QUARTERS 1-2/2020: SLIGHT DECREASE IN EARNINGS DUE TO NEGATIVE IMPACTS OF COVID-19 AND LOWER WATER SUPPLY.HALF YEAR EBITDA FELL 6.8 PERCENT TO 639 MILLION EUR.H1 EBITDA DECREASED BY 6.8% TO EUR 639.0M.H1 GROUP RESULT DECLINED BY 8.2% TO EUR 310.4M COMPARED WITH SAME PERIOD OF PREVIOUS YEAR.OUTLOOK 2020: EBITDA OF BETWEEN APPROXIMATELY EUR 1,150M AND EUR 1,250M.OUTLOOK 2020: GROUP RESULT OF BETWEEN APPROXIMATELY EUR 510M AND EUR 570M.PLANS DIVIDEND PAYOUT RATIO OF 40% TO 50% OF GROUP RESULT FOR 2020 OF BETWEEN AROUND EUR 500 MILLION AND EUR 560 MILLION AFTER ADJUSTMENT FOR NON-RECURRING EFFECTS.  Full Article

Verbund Q1 EBITDA Down At EUR 331.0 Mln
Wednesday, 13 May 2020 

May 13 (Reuters) - VERBUND AG ::RESULTS FOR QUARTER 1/2020: SATISFACTORY BUSINESS PERFORMANCE DESPITE CHANGES IN THE OPERATING ENVIRONMENT DUE TO THE COVID-19 CRISIS.Q1 EBITDA FELL ONLY SLIGHTLY (BY 4.9%) TO EUR 331.0M..EARNINGS FORECAST FOR 2020 ADJUSTED.EBITDA OF BETWEEN APPROXIMATELY EUR 1,090M AND EUR 1,250M AND A GROUP RESULT OF BETWEEN APPROXIMATELY EUR 470M AND EUR 560M IN FINANCIAL YEAR 2020 ARE FORECAST..VERBUND IS PLANNING A DIVIDEND PAYOUT RATIO OF BETWEEN 40% AND 50% OF GROUP RESULT FOR FINANCIAL YEAR 2020 AFTER ADJUSTMENT FOR NON-RECURRING EFFECTS..Q1 GROUP RESULT WAS DOWN 12.1% ON PRIOR-YEAR PERIOD TO EUR 156.5M.REVENUE EUR M 1,208.4, + 4.0%.  Full Article

OMV CEO Says We Want To Cut Costs, Not Jobs
Wednesday, 29 Apr 2020 

April 29 (Reuters) - OMV ::CEO SAYS WE WANT TO REDUCE COSTS, NOT CUT JOBS .CEO SAYS WE WILL LOOK INTO DIVIDEND PROPOSAL BEFORE AGM IN SEPTEMBER .CEO SAYS FOR NOW WE ARE STICKING TO DIVIDEND PROPOSAL .CEO SAYS FINAL INVESTMENT DECISION ON NEPTUN PROJECT WILL NOT BE MADE THIS YEAR, LIKELY IN 2021 .CEO SAYS WE HAVE AROUND 20 PARTIES INTERESTED IN OUR GERMAN GAS STATIONS BUSINESS .WE HAVE NOT YET AGREED ON PRICE FOR GAS CONNECT STAKE WITH VERBUND .CEO SAYS IF THERE IS A SECOND CORONAVIRUS WAVE, WE WOULD NEED TO REVISE OIL PRICE OUTLOOK AGAIN .  Full Article

Verbund CFO optimistic regarding potential Gas Connect Austria buy
Wednesday, 18 Mar 2020 

March 18 (Reuters) - Verbund AG ::CFO SAYS I THINK WE COULD DEVELOP GAS CONNECT AUSTRIA'S BUSINESS VERY WELL.  Full Article

Verbund FY Group Result At EUR 554.8 Mln
Wednesday, 18 Mar 2020 

March 18 (Reuters) - VERBUND AG ::DIVIDEND OF EUR 0.69 PER SHARE FOR FINANCIAL YEAR 2019 WILL BE PROPOSED AT ANNUAL GENERAL MEETING.EXPECTS EBITDA OF APPROXIMATELY EUR 1,150 MLN TO EUR 1,340 MLN AND A GROUP RESULT OF APPROXIMATELY EUR 510M TO EUR 630M FOR FINANCIAL YEAR 2020.FY EBITDA, OPERATING RESULT BEFORE DEPRECIATION AND AMORTISATION, INCREASED BY 36.9% TO EUR 1,183.5M.FY GROUP RESULT WAS UP 28.1% ON PREVIOUS YEAR TO EUR 554.8 MLN.FOR 2020, VERBUND IS PLANNING A DIVIDEND PAYOUT RATIO OF 40% TO 50% OF GROUP RESULT.FY REVENUE INCREASE BY 45.8% TO EUR 3,895 MILLION.  Full Article

Verbund Evaluates Potential Stake Acquisition In Gas Connect Austria
Thursday, 12 Mar 2020 

March 12 (Reuters) - VERBUND AG ::EVALUATION OF A POTENTIAL ACQUISITION OF A STAKE IN GAS CONNECT AUSTRIA GMBH.BOTH COMPANIES HAVE AGREED EXCLUSIVITY.EVALUATES STRATEGIC AND ECONOMIC RATIONALE OF A POTENTIAL ACQUISITION OF OMV'S 51% STAKE IN GAS CONNECT AUSTRIA GMBH.  Full Article

Verbund Sees Decision On Bid For EDP's Hydro Assets Possibly This Year - Conf Call
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - VERBUND AG ::SAYS IT BELIEVES THERE IS A HIGHER PROBABILITY FOR DECISION ON BID FOR HYDRO ASSETS OF PORTUGUESE UTILITY EDP <<>> TO BE DURING CURRENT YEAR - CONF CALL.SAYS IT CANNOT GIVE A PRECISE TIMELINE FOR DECISION ON BID FOR HYDRO ASSETS OF PORTUGUESE UTILITY EDP <<>> - CONF CALL.  Full Article

Verbund 9-mth EBITDA Up At EUR 946.1 Mln
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Verbund AG ::9-MONTH EBITDA ROSE 39.5 PERCENT TO 946.1 MILLION EUR.DGAP-NEWS: VERBUND AG: RESULTS FOR QUARTERS 1-3/2019: STRONG EARNINGS PERFORMANCE INCREASES THE GROUP'S STRATEGIC FLEXIBILITY AND CONFIRMS VERBUND'S STRATEGY.9-MONTH REPORTED GROUP RESULT INCREASED BY 59.5%, RISING FROM EUR282.8M TO EUR450.9M.9-MONTH GROUP RESULT AFTER ADJUSTMENT FOR NON-RECURRING EFFECTS CLIMBED BY 63.3% FROM EUR277.6M TO EUR453.3M.OUTLOOK 2019: EXPECT EBITDA TO AMOUNT TO BETWEEN APPROXIMATELY EUR1,190M AND EUR1,240M.PLANNING A DIVIDEND PAYOUT RATIO OF BETWEEN 40% AND 45% OF GROUP RESULT FOR FINANCIAL YEAR 2019.OUTLOOK 2019: GROUP RESULT TO BETWEEN APPROXIMATELY EUR540M AND EUR580M FOR FINANCIAL YEAR 2019.  Full Article

Verbund H1 EBITDA Up By 36.2% At EUR 503.7 Mln
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Verbund AG ::DGAP-NEWS: VERBUND AG: RESULTS FOR QUARTERS 1-2/2019: A SURGE IN EARNINGS STRENGTHENS VERBUND AND INCREASES THE GROUP'S STRATEGIC FLEXIBILITY.HALF YEAR EBITDA ROSE 36.2 PERCENT TO 685.9 MILLION EUR.H1 EBITDA CLIMBED BY AS MUCH AS 36.2%, FROM EUR503.7M TO EUR685.9M..RAISING OUR EARNINGS FORECAST FOR YEAR AS A WHOLE.H1 REPORTED GROUP RESULT WAS UP 48.7%, INCREASING FROM EUR227.5M TO EUR338.2M.EXPECT FY EBITDA TO AMOUNT TO BETWEEN APPROXIMATELY EUR1,180M AND EUR1,250M.H1 GROUP RESULT AFTER ADJUSTMENT FOR NON-RECURRING EFFECTS ROSE BY 53.1%, FROM EUR222.3M TO EUR340.3M..OUTLOOK 2019: GROUP RESULT TO BETWEEN APPROXIMATELY EUR530M AND EUR580M.IN TERMS OF DIVIDEND FOR FINANCIAL YEAR 2019, VERBUND IS PLANNING A PAYOUT RATIO OF BETWEEN 40% AND 45% BASED ON GROUP RESULT AFTER ADJUSTMENT FOR NON-RECURRING EFFECTS.H1 REVENUE EUR 1.84 BILLION VERSUS EUR 1.37 BILLION YEAR AGO.  Full Article

UPDATE 1-Austrian utility OMV sells gas pipeline unit to Verbund

Sept 23 Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and finance its acquisition of a leading plastics maker.