VERBUND's unique hydropower portfolio provides a durable competitive advantage, but regulatory headwinds and windfall taxes limit near-term profit upside. The company is accelerating its transition to a pan-European renewable player, with a €5.9 billion CapEx plan focused on wind, solar, and grid expansion. Despite earnings pressure from hedging, legacy contracts, and lower power prices, VERBUND maintains a fortress balance sheet and attractive dividend policy.
VERBUND AG (OTCPK:OEZVF) Q4 2024 Earnings Conference Call March 20, 2025 6:00 AM ET Company Participants Peter Kollmann - Chief Financial Officer Andreas Wollein - Head of Group Finance and Investor Relations Conference Call Participants Wanda Serwinowska - UBS Group AG Harrison Williams - Morgan Stanley Olly Jeffery - Deutsche Bank Piotr Dzieciolowski - Citigroup Inc. Thibault Dujardin - Bernstein SG Group Alberto de Antonio - Exane BNP Paribas Operator Ladies and gentlemen, welcome to the VERBUND AG Full Year 2024 Conference Call. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded.
VERBUND AG (OTCPK:OEZVF) Q2 2024 Earnings Conference Call July 25, 2024 5:00 AM ET Company Participants Peter Kollmann - Chief Financial Officer Andreas Wollein - Head of Group Finance and Investor Relations Conference Call Participants Wanda Serwinowska - UBS Group AG Olly Jeffery - Deutsche Bank Harrison Williams - Morgan Stanley Thibault Dujardin - Bernstein SG Group Louis Boujard - ODDO BHF Piotr Dzieciolowski - Citigroup Inc. Teresa Schinwald - Raiffeisen Bank International Operator Ladies and gentlemen, welcome to the conference call on the Half Year Results 2024 of VERBUND AG. I'm Vasilios, the chorus call operator.
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Michael Strugl CEO | XSTU Exchange | US92336Y1073 ISIN |
| AT Country | 4,117 Employees | 29 Apr 2026 Last Dividend | 30 May 2006 Last Split | - IPO Date |
VERBUND AG is a leading energy company based in Vienna, Austria, with a history dating back to 1947. This company, along with its subsidiaries, is primarily engaged in the generation, trading, and sale of electricity. VERBUND AG caters to a wide range of customers, including energy exchange markets, traders, electric utilities, industrial companies, households, and commercial customers. The company encompasses several operational segments, including Hydro, New Renewables, Sales, Grid, and All Other segments, reflecting its diverse operations and focus on renewable energy sources. With a substantial presence in Austria, VERBUND AG is not only a key player in the electricity market but also plays a vital role in the country's energy infrastructure through its transmission network.
VERBUND AG operates hydropower plants with an impressive capacity of 8,417 megawatts (MW). These plants utilize the energy of flowing water to generate electricity, showcasing the company's commitment to renewable energy sources and its role as a leading provider of hydroelectric power in Austria.
The company also owns wind farms with a capacity of 798 MW. These farms harness the power of the wind to produce electricity, contributing to the diversification of VERBUND AG's renewable energy portfolio and offering sustainable energy solutions.
With a capacity of 253 MW, VERBUND AG's solar power operations underscore its investment in solar energy as a clean and renewable source. The company's solar facilities capture sunlight and convert it into electricity, further expanding its renewable energy capabilities.
VERBUND AG operates two thermal power plants. These facilities generate electricity through the combustion of fuels, representing a portion of the company's energy mix and providing flexibility in its power generation capabilities.
The company owns and operates an electricity transmission network, ensuring the reliable delivery of electricity across Austria. This network is crucial for maintaining the stability and efficiency of the country's power supply.
In addition to electricity, VERBUND AG is involved in the gas sector through its ownership and operation of a gas transmission pipeline and distribution network in Austria. The company also engages in the trading and selling of gas, further widening its energy services.