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.