Verbund AG

Verbund is a public utility company engaged in the generation and transmission of electricity from subsidiaries' hydro and thermal power stations located throughout Austria. Through its subsidiaries, Co. is involved in the planning and construction of water systems, hydroelectric power plants, river structures, sewage disposal systems, and high voltage transmission towers and lines. Co. generates, trades and sells electrical energy to power exchange buyers, traders, energy supply companies and industrial companies as well as households and commercial customers.
  • TickerVER
  • ISINAT0000746409
  • ExchangeVienna Stock Exchange
  • SectorElectricity
  • CountryAustria

Analysts

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/03/2019

La probabilité d’occurrence des risques majeurs identifiés par le marché (guerre commerciale, hard landing chinois, resserrement monétaire) a effectivement reculé. Le début d’année très dynamique des indices reconnait cet état de fait avec des niveaux qui flirtent avec nos objectifs de fin d’année (Stoxx 600 revu à 379 points). Dans ce contexte, favoriser les secteurs qui combinent : rerating des PE inférieurs à celui du marché, résilience des prévisions de BPA 2019e et 2020e non refl...

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/14/2019

The likelihood of the major risks identified by the market actually materialising (trade war, Chinese hard landing, monetary tightening) has receded. The dynamic gains by the indexes at the start of the year reflect this and they are flirting with our year-end targets (Stoxx 600 revised to 379 points). Against this backdrop, investors should favour sectors that combine: re1eratings in terms of PE lower than that for the market, and resilience in 2019e and 2020e EPS forecasts not reflec...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

Verbund : Slight adjustment to our estimates. Neutral maintained and target price raised to € 40

>Earnings broadly without surprises - Yesterday morning, Verbund reported recurring earnings in line with expectations. EBITDA stood at € 864m (Oddo BHF at € 858m and € 872m for the consensus), underlying operating profit was € 536m (consensus € 552m and Oddo BHF € 521m) and adjusted net profit was € 342m (consensus € 340m and Oddo BHF at € 327m). On reported figures, Verbund benefited, as was already announced on 16 January, from a positive non-recurring effect linke...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

Verbund : Légère révision de nos estimations. Neutre maintenu et OC relevé à 40 €

>Résultat globalement sans surprises - Verbund a publié hier matin des résultats récurrents en ligne avec les attentes. L'EBITDA s'est élevé à 864 M€ (Oddo BHF à 858 M€ et Cs à 872 M€), le résultat opérationnel courant à 536 M€ (Cs à 552 M€ et Oddo BHF à 521 M€) et le résultat net ajusté à 342 M€ (consensus à 340 M€ et Oddo BHF à 327 M€). En publié, Verbund a bénéficié, comme déjà annoncé le 16 janvier, d'un effet positif non récurrent lié aux tests de dépréciation de...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

Verbund : Slight adjustment to our estimates. Neutral maintained and target price raised to € 40

>Earnings broadly without surprises - Yesterday morning, Verbund reported recurring earnings in line with expectations. EBITDA stood at € 864m (Oddo BHF at € 858m and € 872m for the consensus), underlying operating profit was € 536m (consensus € 552m and Oddo BHF € 521m) and adjusted net profit was € 342m (consensus € 340m and Oddo BHF at € 327m). On reported figures, Verbund benefited, as was already announced on 16 January, from a positive non-recurring effect linke...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

Verbund : Légère révision de nos estimations. Neutre maintenu et OC relevé à 40 €

>Résultat globalement sans surprises - Verbund a publié hier matin des résultats récurrents en ligne avec les attentes. L'EBITDA s'est élevé à 864 M€ (Oddo BHF à 858 M€ et Cs à 872 M€), le résultat opérationnel courant à 536 M€ (Cs à 552 M€ et Oddo BHF à 521 M€) et le résultat net ajusté à 342 M€ (consensus à 340 M€ et Oddo BHF à 327 M€). En publié, Verbund a bénéficié, comme déjà annoncé le 16 janvier, d'un effet positif non récurrent lié aux tests de dépréciation de...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : Final recommendations from the coal commission in Germany

>Germany to exit coal by 2038 - RWE has published the principal final recommendations of the coal commission in Germany dedicated to climate protection. The commission recommends the closure of 12.5 GW of coal production capacity between 2018 and 2022 (vs 2017). This corresponds to 5 GW for lignite plants and 7.7 GW for coal-fired plants. These figures include the capacity already in the safety reserves (around 1.8 GW) and closures (around 1.4 GW estimated) as well as...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : Les recommandations finales de la commission charbon

>L’Allemagne sortira du charbon d’ici 2038 - RWE a publié les principales recommandations définitives de la commission charbon allemande dédiées à la protection du climat. La commission recommande la fermeture de 12,5 GW de capacité de production de charbon entre 2018 et 2022 (par rapport à 2017). Ceci correspond à 5 GW de centrales à lignite et à 7,7 GW de centrales à charbon. Ces chiffres incluent la capacité déjà dédiée à la réserve de sécurité (~ 1,8 GW) et les f...

Gellert Gaal

Verbund: Record low water supply dried up profit - Instant Earnings Comment from Concorde Securities Ltd. (Hungary)

Verbund - Instant Earnings Comment Recommendation: Neutral (unch.) Target price (12M): EUR 38 (PREV:EUR 27)   Record low water supply dried up profit   Management cut FY EBITDA and profit guidance. End year EBITDA and profit were slashed by ca. 10% to EUR 870 million and EUR 340 million respectively on the back of mentioned drought in Q3. Operationally, similar happened before when water supply was low. Revenue was flattish but margins fall sharply as the contracted volume was not generated but purchased on spot instead. EBITDA margin dropped by 900 bps to 25%, as expenses for electrici...

A director sold 8,359 shares at 19.720EUR and

A director at Oesterreichische Elektrizitats Ag sold 8,359 shares at 19.720EUR and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules...

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/03/2019

La probabilité d’occurrence des risques majeurs identifiés par le marché (guerre commerciale, hard landing chinois, resserrement monétaire) a effectivement reculé. Le début d’année très dynamique des indices reconnait cet état de fait avec des niveaux qui flirtent avec nos objectifs de fin d’année (Stoxx 600 revu à 379 points). Dans ce contexte, favoriser les secteurs qui combinent : rerating des PE inférieurs à celui du marché, résilience des prévisions de BPA 2019e et 2020e non refl...

Alfred Glaser ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Khaled Ben Amor
  • Louis Boujard
  • Olivier Lebrun
  • Philippe Ourpatian
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/14/2019

The likelihood of the major risks identified by the market actually materialising (trade war, Chinese hard landing, monetary tightening) has receded. The dynamic gains by the indexes at the start of the year reflect this and they are flirting with our year-end targets (Stoxx 600 revised to 379 points). Against this backdrop, investors should favour sectors that combine: re1eratings in terms of PE lower than that for the market, and resilience in 2019e and 2020e EPS forecasts not reflec...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Bruno Cavalier
  • Delphine Brault
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/28/2019

The underperformance from Vinci and Eiffage end-2018 appears overdone: motorway traffic has admittedly been penalised by the gilets jaunes (“yellow vests”) movement but visibility remains excellent on cash flow generation with highly attractive valuations (FCF yield of 7% for Vinci and 10% for Eiffage). While M&A risk is henceforth more limited, we are upgrading our recommendation on Vinci to Buy (target price of € 90) but we continue to prefer Eiffage (target price of € 103). - ...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Bruno Cavalier
  • Delphine Brault
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Valentin Pernet

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 28/01/2019

...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

VERBUND AG loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of VERBUND AG (AT), active in the Alternative Electricity industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date February 19, 2019, the closing price was EUR 43.18 and its potential was estimated at EUR 48.25.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

RWE AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's RWE AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by RWE AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

Jason Sen

Bund daily technical analysis

Trade ideas and signals, with stop loss levels and targets.

Jason Sen

Bund daily technical analysis

Trade ideas and signals, with stop loss levels and targets.

Jason Sen

Bund daily technical analysis

Trade ideas and signals, with stop loss levels and targets.

Jason Sen

Bund daily technical analysis

Trade ideas and signals, with stop loss levels and targets.

Jason Sen

Bund daily technical analysis

Trade ideas and signals, with stop loss levels and targets.

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