VERBUND AG provided earnings guidance for 2020. Assuming an average level of own generation from hydropower and an average wind supply in the second half of the year, and in light of the opportunities and risks identified, the company expects Group result to be between approximately €510 million and €570 million. The planned payout ratio for 2020 is between 40% and 50% of the Group result of between around €500 million and €560 million, after adjustment for non-recurring effects.