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    VER   AT0000746409

VERBUND AG

(VER)
  Report
Delayed Quote. Delayed Wiener Boerse - 05/14 11:35:07 am
73.25 EUR   +2.38%
05/12Verbund 1Q Earnings Fall; Narrows 2021 View Range
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05/12VERBUNDá : Investoren Präsentation Quartal 1/2021
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05/12VERBUNDá : Interim report quarter 1/2021
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PRESS RELEASE: VERBUND AG: announcement of a cooperation with Visiolar GmbH to develop photovoltaic projects in Germany with a capacity of up to 2,000 MW

04/27/2021 | 05:41am EDT
DGAP-News: VERBUND AG / Key word(s): Alliance 
VERBUND AG: announcement of a cooperation with Visiolar GmbH to develop photovoltaic projects in Germany with a 
capacity of up to 2,000 MW 
2021-04-27 / 11:39 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
The management of VERBUND AG hereby announces the start of a cooperation between VERBUND AG and Visiolar GmbH. 
Potsdam-based Visiolar is part of the Lindhorst Group, a group of companies of many years' standing with experience in 
the agricultural sector, which operates in the German state of Lower Saxony. With its extensive properties available 
for renewable energy projects, Visiolar provides an extremely reliable basis on which to establish and develop these 
joint activities. 
The cooperation partners intend to use up to 2,000 hectares of Visiolar's land to generate electrical energy from 
renewable sources, in particular solar power. To date 13 plots with a total area of around 1,400 hectares (representing 
a maximum installed capacity of around 1,400 MWp) have been identified and defined. It is envisaged that the projects 
will be progressively developed, constructed and put into operation in the coming years. This will allow a significant 
contribution to be made to climate protection and reaching Europe's greenhouse gas reduction targets. The stated goal 
is to produce energy in a sustainable and carbon-neutral manner and make it available to cities and communities in an 
attractive way. 
VERBUND's 2030 strategy is to significantly expand its activity in the field of solar and wind power so that 
photovoltaic systems and onshore wind farms account for around 20-25% of overall electricity generation by 2030. This 
cooperation is an important step towards achieving this goal. The implementation of these projects will also establish 
VERBUND as a major player in the field of solar power in its core market Germany. 
For additional information please contact 
Mag. Andreas Wollein 
Head of Group Finance and Investor Relations 
Tel.: +43 (0)50 313-52604 
Fax: +43 (0)50 313-52694 
investor-relations@verbund.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      VERBUND AG 
              Am Hof 6A 
              1010 Wien 
              Austria 
Phone:        0043-1-53113-52604 
Fax:          0043-1-53113-52694 
E-mail:       investor-relations@verbund.com 
Internet:     www.verbund.com 
ISIN:         AT0000746409 
WKN:          877738 
Indices:      ATX 
Listed:       Foreign Exchange(s) Vienna Stock Exchange (Official Market) 
EQS News ID:  1188467 
 
End of News   DGAP News Service 
=------------ 

1188467 2021-04-27

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1188467&application_name=news 
 

(END) Dow Jones Newswires

April 27, 2021 05:40 ET (09:40 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
VERBUND AG 2.38% 73.25 Delayed Quote.4.87%
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More news
Financials
Sales 2021 3 838 M 4 660 M 4 660 M
Net income 2021 573 M 696 M 696 M
Net Debt 2021 2 556 M 3 104 M 3 104 M
P/E ratio 2021 44,6x
Yield 2021 1,08%
Capitalization 25 448 M 30 887 M 30 900 M
EV / Sales 2021 7,30x
EV / Sales 2022 6,77x
Nbr of Employees 2 949
Free-Float 34,3%
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Technical analysis trends VERBUND AG
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 53,28 €
Last Close Price 73,25 €
Spread / Highest target -7,17%
Spread / Average Target -27,3%
Spread / Lowest Target -52,1%
EPS Revisions
Managers and Directors
NameTitle
Michael Strugl Chairman-Management Board & CEO
Peter F. Kollmann Chief Financial Officer
Thomas Schmid Chairman-Supervisory Board
Karl Stadler Head-Corporate Governance & Compliance
JŘrgen Roth Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VERBUND AG4.87%30 887
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DUKE ENERGY CORPORATION12.56%79 276
SOUTHERN COMPANY7.00%68 927