21st Austria weekly - Verbund OMV 28/07/2022 [pic1]Verbund: Austrian utility company Verbund saw a significant improvement in the results posted for first half year. EBITDA climbed by 110.5% to Euro 1 378.9 mn. The Group result surged 151.8% 817.1 mn compared with same period of previous hydro coefficient run-of-river power plants dropped 0.90 or 6 percentage points below prior-year figure and 10 long-term average. Generation from annual storage rose 18.7% quarters reporting period. sharp increase wholesale electricity prices on futures spot markets gave boost earnings. average sales obtained Verbund’s own generation hydropower 65.9/MWh 112.5/MWh. consolidation Gas Connect AustriaGmbH significantly higher contribution flexibility products also had positive effect. year was influenced non-recurring effects 82.6 mn 9.3 2021. Adjusted these effects 133.0% 734.5 mn.Verbund: