EQS-News: VERBUND AG: Results for quarter 1/2025: declining earnings due to significantly below-average water supply
Source: EQS
VERBUND’s earnings for quarter 1/2025 saw a substantial year-on-year decline due to the extremely low water supply. EBITDA fell by 18.1% to The hydro coefficient for the run-of-river power plants dropped to 0.83, or 46 percentage points lower than the comparative prior-year figure (1.29) and 17 percentage points below the long-term average. Generation from annual storage power plants fell by 4.8% in quarter 1/2025 compared with the prior-year reporting period. Generation from hydropower thus decreased by 2,425 GWh to 5,468 GWh. Similarly, at 0.76, the new renewables coefficient from wind and photovoltaics in quarter 1/2025 was 24 percentage points below the planned value and 13 percentage points lower than in quarter 1/2024 (0.89). Generation from wind power and photovoltaics thus fell by 58.4 GWh to 576.1 GWh. Despite significantly higher generation from thermal power, VERBUND’s own generation in quarter 1/2025 was 21.3% lower than the previous year's figure. The higher average sales prices achieved had a positive effect on earnings. The sales price achieved for own generation from hydropower rose by
Earnings forecast for 2025 adjusted Based on expectations of average levels of own generation from hydropower, wind power and photovoltaics as well as the opportunities and risks identified, VERBUND expects EBITDA of between around
Additional information as well as the Interim Financial Report for quarter 1/2025 is available on the website www.verbund.com > Investor Relations > Latest financial results.
Contact: Head of Group Finance and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:investor-relations@verbund.com
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Language: | English |
Company: | |
Am Hof 6A | |
1010 |
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Phone: | 0043-1-53113-52604 |
Fax: | 0043-1-53113-52694 |
E-mail: | investor-relations@verbund.com |
Internet: | www.verbund.com |
ISIN: | AT0000746409 |
WKN: | 877738 |
Indices: | ATX |
Listed: | |
EQS News ID: | 2136846 |
End of News |
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2136846 14.05.2025 CET/CEST