Verbund AG (OTCPK:OEZVF) Q1 2022 Earnings Conference Call May 12, 2022, 05:30 ET Company Participants Peter Kollmann - CFO Andreas Wollein - Head, Group Finance & IR Conference Call.
21st Austria weekly - Palfinger Verbund Wienerberger RHI Magnesita 12/05/2022 [pic1]Verbund: Austrian utility Verbund saw a significant improvement in the results posted for quarter 1/2022. EBITDA climbed by 169.3% to Euro 814.9 mn. The Group result soared 255.6% 514.4 mn compared with same period of previous year. sharp increase wholesale electricity prices on futures and spot markets gave boost earnings. average sales obtained VERBUND’s own generation from hydropower rose €66.3/MWh €113.8/MWh. consolidation Gas Connect GmbH regulated gas transmission distribution system operator acquired effect 31 May 2021 likewise had positive effect. contribution flexibility products also significantly as greater volatility market. In