Monday , November 18 2019
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Verbund can increase profits after three quarters



Consolidated earnings increased by 59.5 percent to EUR 450.9 million, sales increased by 28 percent to EUR 2.66 billion, the company said yesterday.

In the energy industry environment, which was characterized by rising wholesale prices for electricity and the trend towards renewable energy, Verbund was favored because of its strategic positioning, the statement said.

A positive factor for the gain was the fact that Verbund had made a higher contribution to the revenue from the network segment. In addition, the cost reduction and efficiency programs of recent years have affected.

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