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

Q2 2020 Verbund AG Earnings Call Transcript

Jul 30, 2020 / 08:30AM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the conference call 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 this conference. Please go ahead, sir.

Peter F. Kollmann

VERBUND AG - CFO & Member of the Executive Board

Yes. Good morning. Ladies and gentlemen, let me welcome you to the presentation of VERBUND for the first half year 2020. And let me thank you for joining today's conference call. I hope you're all well and healthy. I'm here with Andreas Wollein, our Head of Finance and Investor Relations.

Before we move into the analysis of the business development of VERBUND, let me make a few general comments about this first half. VERBUND's business model resisted the challenges of the changed energy market environment as a result of COVID-19. Our focus on electricity production from renewable energy sources and expansion of the high-voltage grid in Austria proved successful. Our strong financial discipline and measures taken in

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