Verbund AG (MEX:VER)

MXN 1170.5 0 (0%) Market Cap: 566.95 Bil Enterprise Value: 552.48 Bil PE Ratio: 15.57 PB Ratio: 2.69 GF Score: 85/100

Q1 2019 Verbund AG Earnings Call Transcript

May 08, 2019 / 08:00AM GMT

Transcript

Operator

Dear ladies and gentlemen, welcome to the conference call on the Quarter 1 2019 Results of VERBUND AG. At our customer's request, this conference will be recorded. (Operator Instructions) May I now hand you over to Peter Kollmann, who will lead you through the conference. Please go ahead, sir.

Peter F. Kollmann

VERBUND AG - CFO & Member of the Executive Board

Thank you. I'm here with Andreas Wollein. Let us welcome you to the presentation of VERBUND for the first quarter 2019, and let me thank you for joining today's conference call.

Before we move into the analysis of the business development of VERBUND, let me make a few general comments about the first quarter. The year 2019 started very well for VERBUND. We were positively impacted by increasing contract prices for electricity and the hydro coefficient far above the long-term average. Key figures reflect this favorable energy market and operative environments. VERBUND's low-cost base and the restructuring efforts of the past have supported this positive development. The strategic positioning

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