Verbund AG (MEX:VER)

MXN 1170.5 0 (0%) Market Cap: 573.56 Bil Enterprise Value: 558.99 Bil PE Ratio: 15.57 PB Ratio: 2.69 GF Score: 82/100

Q3 2020 Verbund AG Earnings Call Transcript

Nov 05, 2020 / 09:30AM GMT

Transcript

Operator

Dear ladies and gentlemen, welcome to the conference call of VERBUND AG. At our customers' 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

Thank you. Ladies and gentlemen, let me welcome you to our presentation for the first 3 quarters. And let me thank you for joining today's conference call. I hope you are all well and healthy.

Before we move into the analysis of the business development, let me make a few general comments about the first 3 quarters, 2020. Despite the challenges and consequences of the COVID-19 crisis, including the reduction in electricity demand, VERBUND is able to present a good set of results for the first 3 quarters. Improved profitability, a lower level of debt. The strong commitment of the EU member states towards rapid decarbonization of the energy system supports our solid business model and our focus on electricity

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