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

Q4 2020 Verbund AG Earnings Call Transcript

Mar 17, 2021 / 10:00AM 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.

Peter F. Kollmann

VERBUND AG - CFO & Member of the Executive Board

Thank you. Ladies and gentlemen, Andreas Wollein and I would like to welcome you to our presentation for the full year 2020 numbers. And let me thank you for joining today's conference call.

Before we move into the analysis of our business development, let me make a few general comments about the business year 2020. The year 2020 was characterized by obviously COVID-19 pandemic issues and severe repercussions on the economy and the markets. The energy market environment drastically deteriorated due to low demand; oversupply of CO2 certificates; and decreased prices for coal, gas and oil. However, the situation improved. And in the second half of 2020, VERBUND was able to present very respectable numbers despite

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