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

Q2 2021 Verbund AG Earnings Call Transcript

Jul 29, 2021 / 08:30AM GMT

Transcript

Operator

Dear ladies and gentlemen, welcome to the conference call of VERBUND AG. At our customers' request that 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 half year '21. 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 for VERBUND AG. Let me make a few general comments about the half year. The business development was satisfactory as the energy business environment strongly improved, especially prices for European CO2 certificates and prices for primary energy sources increased being key factors for wholesale energy prices in Europe. The sustainable positioning of VERBUND is perfectly directed towards the increasingly ambitious decarbonization efforts within the EU and Austria. These

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