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

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...

Bund daily technical analysis

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

Bund daily technical analysis

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

Bund daily technical analysis

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

Bund daily technical analysis

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

Gellert Gaal

Verbund - Keep a close eye on the weather in Q4

3Q Profit reached EUR 115m and was down on a yearly comparison (-38% y-o-y) due to a missing non-recurring effect in this year. Fundamentally, low water supply (0.94x) the still weighs on figures, but this quarter water supply was above average this quarter (1.07x), which is a positive development. Last but not least, management moderately raised its full year profit guidance to EUR 320m on the back of positive impairment tests and elevated orecast for flexibility products.

Gellert Gaal

Verbund - Another guidance increase

Stellar performance continues. EBITDA, profit increased significantly 19% and 31% respectively on a yearly comparison.

Anis Zgaya ...
  • Louis Boujard, CFA

Verbund : Verbund relève sa guidance. Achat maintenu et OC relevé à 36€ vs 32€

>Verbund relève sa guidance - Verbund a annoncé hier en début d’après-midi le relèvement de ses prévisions de résultats pour l'exercice 2018. Le groupe prévoit désormais un EBITDA d'environ 950 M€ (auparavant environ 870 M€) et un résultat net du groupe d'environ 370M€ (auparavant env. 320 M€). Le résultat ajusté du groupe est attendu à 365M€ (auparavant environ 320 millions d'euros). La guidance est basée sur des conditions hydrauliques et de vents normaux (égales à ...

Anis Zgaya ...
  • Louis Boujard, CFA

Verbund : Verbund lifts its guidance. Buy maintained, target price lifted to € 36 vs € 32

>Verbund lifts its guidance - Verbund announced yesterday in the early afternoon that it was revising up its earnings forecasts for FY 2018. The group is now forecasting EBITDA of around € 950m (previously around € 870m) and group net profit of € 370m (previously around € 320m). The group’s adjusted profit is now forecast at € 365m (previously around € 320m). The guidance is based on normal hydrological conditions and winds (equal to their historic average) for the re...

Anis Zgaya ...
  • Louis Boujard, CFA

Verbund : Bonne publication au S1. Achat et OC à 36 € maintenus.

>Publication un peu meilleure qu’attendue - Verbund a publié hier matin des résultats S1 légèrement au-dessus des attentes. L'EBITDA est ressorti à 504 M€ (Oddo à 467 M€ et Cs à 491 M€) et l'EBIT à 347 M€ (Oddo à 307 M€ et Cs à 329 M€). Le BPA s’élève à 0,65 €, au-dessus des attentes (Oddo à 0,57€ et Cs à 0,61€). Les principaux écarts par rapport à nos estimations d’EBITDA proviennent des prix légèrement plus élevés (29,3 €/MWh vs 29 € attendus) et des volumes légèrem...

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...

Anis Zgaya ...
  • Khaled Ben Amor
  • Louis Boujard, CFA

ODDO : Le retournement du cycle est confirmé

Nos hypothèses de fin 2017 se sont confirmées avec une hausse moyenne des prix de l’électricité de 4 à 6€/MWh (entre 10 et 15%), mais nous voyons une divergence dans la contribution des sous-segments par rapport à nos hypothèses initiales. Ces évolutions plus favorables nous amènent à maintenir un biais positif sur le secteur avec une préférence pour les énergéticiens sensibles au prix de marché. EDF, Engie et Verbund restent à l’Achat avec des OC relevés ; RWE voit sa recommanda...

Anis Zgaya ...
  • Khaled Ben Amor
  • Louis Boujard, CFA

ODDO : Confirmation of the upturn in the cycle

Our assumptions outlined end-2017 have been confirmed with an average increase of € 4-6/MWh (between 10% and 15%) in electricity prices, but we note a divergence in the contribution of the sub-segments compared with our initial hypotheses. These more favourable trends have prompted us to maintain a positive bias on the sector with a preference for energy companies with sensitivity to the market price. EDF, Engie and Verbund remain on Buy with their target prices raised, RWE's Buy...

Anis Zgaya ...
  • Khaled Ben Amor
  • Louis Boujard, CFA

ODDO : Le retournement du cycle est confirmé

Nos hypothèses de fin 2017 se sont confirmées avec une hausse moyenne des prix de l’électricité de 4 à 6€/MWh (entre 10 et 15%), mais nous voyons une divergence dans la contribution des sous-segments par rapport à nos hypothèses initiales. Ces évolutions plus favorables nous amènent à maintenir un biais positif sur le secteur avec une préférence pour les énergéticiens sensibles au prix de marché. EDF, Engie et Verbund restent à l’Achat avec des OC relevés ; RWE voit sa recommanda...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/07/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Bruno Hareng
  • Delphine Brault
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Steven Gould
  • Vincent Maulay
  • Vincent Baron
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/19/2018

The Innogy deal will reshuffle E.ON’s and RWE’s businesses and strategies, with each specialising on one part of the utility value chain (downstream and upstream, respectively). While the transaction will not significantly change the two companies’ level of exposure to climate transition risks (low for E.ON / high for RWE), simpler business structures and strategies should help the two German utilities to deliver (at last!) a clearer message on their contribution to climate mitigation...

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...

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.

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...

Expert Corporate Governance Service (ECGS)

Verbund - AGM 30 April 2019

Item 4: Since there is no vote on Management Board members' remuneration in Austria, we take the opportunity to voice our concerns regarding the remuneration system currently in place at Verbund which we consider has several shortcomings: The target amounts for the short-term incentive (STI) have not been disclosed and the performance criteria are insufficiently disclosed. Furthermore, there is no long-term incentive (LTI) in place for Management Board members. Finally, pension benefits are also insufficiently disclosed. Although we consider the absolute amounts paid to the Management Board me...

Bund daily technical analysis

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

Bund daily technical analysis

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

Bund daily technical analysis

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

Bund daily technical analysis

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

Bund daily technical analysis

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

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