The management of VERBUND AG announcing an increase in its earnings forecast for financial year 2021. In a significantly improved energy environment, based on the assumption of average own generation from hydropower and wind power for the remainder of the year, as well as the present opportunity and risk situation for financial year 2021, VERBUND expects reported EBITDA (equivalent to the EBITDA after adjustment of non-recurring effects) of between around EUR 1,490 million and EUR 1,590 million (previous forecast: around EUR 1,310 million to EUR 1,410 million) and a reported Group result of between around EUR 740 million and EUR 810 million (previous forecast: around EUR 590 million to EUR 660 million).