VERBUND’s earnings in quarters 1–2/2025 fell significantly below the previous year’s level due to a considerable decline in electricity production from hydropower. EBITDA was down by 19.8% year-on-year to €1,413.0m. The Group result dropped 11.8% to €802.7m, and the Group result after adjusting for non-recurring effects declined by 22.3% year-on-ye [ … ]

VERBUND’s earnings for quarter 1/2025 saw a substantial year-on-year decline due to the extremely low water supply. EBITDA fell by 18.1% to €723.9m compared with the same period of the previous year and the Group result was down 21.6% to €396.7m. The hydro coefficient for the run-of-river power plants dropped to 0.83, or 46 percentage points lower [ … ]

The 2024 financial year turned out to be challenging, unpredictable and highly volatile in every respect for the energy market. Geopolitical events in particular, especially the war in Ukraine and the associated impacts on European gas prices, but also the weakening economy in Europe, had a massive impact on European wholesale electricity prices, w [ … ]