Verbund Q2 2024 Earnings Report

Verbund EPS Results

• Actual EPS: $0.25
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Verbund Revenue Results

• Actual Revenue: $2.03 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Verbund Announcement Details

• Quarter: Q2 2024
• Date: 7/24/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Verbund (OTCMKTS:OEZVY) is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy. The company manages a high-voltage transmission network that interconnects generation sites with regional grids in Austria, Germany, Italy, Switzerland and Southeastern Europe. Beyond physical supply, Verbund offers energy trading services, system balancing and tailored power solutions designed to optimize grid stability and meet the evolving needs of commercial and industrial customers.

Founded in 1947 as Österreichische Elektrizitätswirtschafts-AG and rebranded as Verbund AG in 1987, the company has played a pivotal role in Austria’s post-war industrial development and the broader European energy market. Headquartered in Vienna, Verbund remains majority-owned by the Austrian federal government, underscoring its strategic importance for national energy security. The company continues to invest in modernizing its infrastructure, advancing cross-border interconnection projects and pioneering renewable energy technologies across its served geographies.