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

Q3 2021 Verbund AG Earnings Call Transcript

Nov 04, 2021 / 12:00PM 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, CFO, VERBUND AG who will lead you through this conference. Please go ahead.

Peter F. Kollmann

VERBUND AG - CFO & Member of the Executive Board

Thank you very much. Ladies and gentlemen let me welcome you to our presentation and let me thank you for joining today's conference call. I hope you're all well and healthy.

Now before we move into the analysis of our business development, let me make a few general comments about the first 3 quarters '21. The energy business environment continued to be very favorable for VERBUND. Prices for primary energy sources increased strongly. The reasons for the increase in gas and coal prices included, as most of you know, the low average gas storage levels, unfavorable weather conditions and supply disruptions in an environment where demand is recovering from the repercussions of the historic lows coming from the

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