Last €14.17 EUR
Change Today -0.02 / -0.14%
Volume 76.0K
VER On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Vienna
Frankfurt
As of 11:45 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

verbund ag (VER) Snapshot

Open
€14.25
Previous Close
€14.19
Day High
€14.25
Day Low
€14.15
52 Week High
10/18/13 - €17.66
52 Week Low
07/10/13 - €13.53
Market Cap
4.9B
Average Volume 10 Days
175.0K
EPS TTM
€2.68
Shares Outstanding
170.2M
EX-Date
04/16/14
P/E TM
5.3x
Dividend
€0.55
Dividend Yield
7.04%
Current Stock Chart for VERBUND AG (VER)

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verbund ag (VER) Details

VERBUND AG generates, trades, and sells electricity to energy exchanges, traders, energy supply companies, industrial companies, and households and commercial customers. It operates hydropower plants of capacity 7,745 megawatts (MW); 17 wind farms of capacity 377 MW; 2 photovoltaic power plants with a capacity of 3 MW; 6 thermal power plants of capacity 2,505 MW; and a steam power plant with a capacity of 285 MW. The company also operates a 3,500 kilometer long transmission grid in Austria. It serves approximately 305,000 customers in the household/agriculture and commercial segment. The company was formerly known as Österreichische Elektrizitätswirtschafts-AG and changed its name to VERBUND AG in 2010. VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria.

3,068 Employees
Last Reported Date: 03/5/14
Founded in 1947

verbund ag (VER) Top Compensated Officers

Chairman of Executive Board and Chief Executi...
Total Annual Compensation: €1.1M
Vice-Chairman of Executive Board and Deputy C...
Total Annual Compensation: €1.0M
Member of Executive Board
Total Annual Compensation: €695.5K
Compensation as of Fiscal Year 2013.

verbund ag (VER) Key Developments

Austria To Reportedly Divest 51% Stake In VERBUND To OIAG

Austria intends to divest its 51% stake in VERBUND AG (WBAG:VER) to Österreichische Industrieholding AG (OIAG) as first step towards privatization, Austrian magazine News reported. The report added citing several strategists involved in the matter that stake sale is valued about $3.6 billion and Finance Minister Michael Spindelegger planned to give details on April 29, 2014. Any privatization would have to be conducted through the OIAG.

VERBUND AG Reports Group Earnings Results for the Year Ended December 31, 2013; Provides Earnings Guidance for Fiscal 2014; Proposes Dividend and Special Dividend for Fiscal 2013; Provides Dividend Guidance for the Year 2014

VERBUND AG reported group earnings results for the year ended December 31, 2013. For the year, the company reported revenue of EUR 3,269.9 million against EUR 3,174.3 million a year ago. EBITDA was EUR 1,296.4 million against EUR 1,235.4 million a year ago. Operating result was EUR 147.1 million against EUR 900.2 million a year ago. Group result was EUR 579.9 million against EUR 389.3 million a year ago. Earnings per share were EUR 1.67 against EUR 1.12 a year ago. Cash flow from operating activities was EUR 837.4 million against EUR 1,034.7 million a year ago. EBITDA adjusted for non-recurring effects declined to EUR 1,154.5 million, decreased by 9.7%. At EUR 384.5 million, the group result adjusted for non-recurring effects was 38.5% lower than in 2012. Operating profit was EUR 498.45 million, compared to EUR 899.93 million for the year ended December 31, 2012. Profit before tax was EUR 875.94 million, compared to EUR 660.27 million for the year ended December 31, 2012. Free cash inflow was EUR 546.7 million compared to free cash outflow of EUR 164.4 million a year ago. The company provided earnings guidance for the fiscal year 2014, based on average own generation from hydropower, the company expects EBITDA for financial year 2014 to be approximately EUR 850 million and the group result to be approximately EUR 150 million. The company announced a dividend of EUR 1 per share will be proposed for the financial year 2013 at the Annual General Meeting on April 9, 2014. This dividend will be made up of a basic dividend of EUR 0.55 per share plus a special dividend of EUR 0.45 per share. The reason for distributing a special dividend is the successful completion of the asset swap with E.ON in 2013. For the year 2014, the company planning a payout ratio of around 50% of the group result adjusted for non-recurring effects.

VERBUND AG, Annual General Meeting, Apr 09, 2014

VERBUND AG, Annual General Meeting, Apr 09, 2014., at 10:30 Central European Standard Time. Location: Austria Center Vienna,. Agenda: To approve 2013 annual financial statements including management report and the corporate governance report, the consolidated financial statements including the Group management report and the report of the Supervisory Board for financial year 2013; to pass resolution on the appropriation of the net profit reported in the 2013 annual financial statements; to pass resolution on the approval of the members of the Executive Board for financial year 2013; to pass resolution on the approval of the members of the Supervisory Board for financial year 2013; to appoint the auditor and the Group auditor for financial year 2014 and to consider the dividend for fiscal 2013.

 

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Industry Analysis

VER

Industry Average

Valuation VER Industry Range
Price/Earnings 5.3x
Price/Sales -- Not Meaningful
Price/Book 1.0x
Price/Cash Flow 2.6x
TEV/Sales NM Not Meaningful
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