Verbund AG (WBO:VER)
€ 70.15 0.6 (0.86%) Market Cap: 24.37 Bil Enterprise Value: 24.71 Bil PE Ratio: 14.58 PB Ratio: 2.52 GF Score: 84/100
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Q3 2020 Verbund AG Earnings Call Transcript

Nov 05, 2020 / 09:30AM GMT
Release Date Price: €54.2 (+4.53%)
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, who will lead you through this conference. Please go ahead, sir.

Peter F. Kollmann
VERBUND AG - CFO & Member of the Executive Board

Thank you. Ladies and gentlemen, let me welcome you to our presentation for the first 3 quarters. And let me thank you for joining today's conference call. I hope you are all well and healthy.

Before we move into the analysis of the business development, let me make a few general comments about the first 3 quarters, 2020. Despite the challenges and consequences of the COVID-19 crisis, including the reduction in electricity demand, VERBUND is able to present a good set of results for the first 3 quarters. Improved profitability, a lower level of debt. The strong commitment of the EU member states towards rapid decarbonization of the energy system supports our solid business model and our focus on electricity

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