21st Austria weekly - Verbund Andritz Amag ams Osram Marinomed 27/07/2023 [pic1]Verbund: Austrian utility Verbund saw an improvement in the results posted for quarters 1–2/2023. The reported Group result rose by 57.5% to €1 287.2m. Generation from annual storage power plants 6.2% 1–2/2023 compared with prior-year reporting period. hydropower thus increased 947 GWh 15 054 GWh. sharp rise wholesale electricity prices on futures markets that were relevant period gave earnings a considerable boost. Conversely spot market fell average sales obtained VERBUND’s own generation €69.6/MWh €182.1/MWh. Higher photovoltaic installations and wind plants especially put into operation Spain also had positive effect as did higher contribution Gas Connect
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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