Verbund AG (OTCPK:OEZVY)

$ 15.34 -0.39 (-2.48%) Market Cap: 26.65 Bil Enterprise Value: 27.00 Bil PE Ratio: 14.61 PB Ratio: 2.56 GF Score: 87/100

Q2 2019 Verbund AG Earnings Call Transcript

Aug 01, 2019 / 09:00AM GMT

Release Date Price: $10.82

Transcript

Operator

Ladies and gentlemen, welcome to the conference call on half year results of VERBUND AG. At our customer's request, this conference will be recorded. (Operator Instructions) May I now hand you over to Peter Kollmann, CFO, 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, let me welcome you to the presentation of VERBUND for the first half year 2019, and let me thank you for joining today's conference call. 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. The year 2019 continued well for VERBUND after an already strong 2018. Our results were positively impacted by increasing contract prices for electricity, and the hydro coefficient is still far above the long-term average despite a heat wave during the last weeks of June.

Our key figures reflect this favorable energy market environment. Our low

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