Reported Earnings • May 14
First quarter 2026 earnings released: EPS: €0.78 (vs €1.14 in 1Q 2025) First quarter 2026 results: EPS: €0.78 (down from €1.14 in 1Q 2025). Revenue: €1.94b (down 16% from 1Q 2025). Net income: €269.8m (down 32% from 1Q 2025). Profit margin: 14% (down from 17% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 7.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 21
Upcoming dividend of €3.15 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (3.7%). Declared Dividend • Mar 31
Dividend of €3.15 announced Shareholders will receive a dividend of €3.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 21% over the next 3 years. However, it would need to fall by 48% to increase the payout ratio to a potentially unsustainable range. お知らせ • Mar 19
VERBUND AG announces Annual dividend, payable on May 11, 2026 VERBUND AG announced Annual dividend of EUR 2.0000 per share payable on May 11, 2026, ex-date on April 28, 2026 and record date on April 29, 2026. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: €4.29 (vs €5.40 in FY 2024) Full year 2025 results: EPS: €4.29 (down from €5.40 in FY 2024). Revenue: €8.15b (down 1.3% from FY 2024). Net income: €1.49b (down 21% from FY 2024). Profit margin: 18% (down from 23% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Declared Dividend • Mar 02
Dividend reduced to €1.15 Dividend of €1.15 is 59% lower than last year. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 31% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Feb 12
Dividend reduced to €1.15 Dividend of €1.15 is 59% lower than last year. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 1.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Jan 07
Dividend reduced to €1.15 Dividend of €1.15 is 59% lower than last year. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. お知らせ • Dec 09
VERBUND AG, Annual General Meeting, Apr 21, 2026 VERBUND AG, Annual General Meeting, Apr 21, 2026. Declared Dividend • Dec 07
Dividend reduced to €1.15 Dividend of €1.15 is 59% lower than last year. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. お知らせ • Dec 04
VERBUND AG Proposes Special Dividend for the Financial Year 2025 The Executive Board of VERBUND AG has resolved to propose to the 2026 Annual General Meeting a special dividend of €1.15 per share for financial year 2025 in addition to the regular dividend. The special dividend equates to an amount of approximately €400 million and supports shareholder-orientated capital allocation. Buy Or Sell Opportunity • Nov 10
Now 6.5% undervalued Over the last 90 days, the stock has risen 5.8% to €67.90. The fair value is estimated to be €72.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 9.7% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period. Reported Earnings • Nov 10
Third quarter 2025 earnings released: EPS: €1.18 (vs €1.37 in 3Q 2024) Third quarter 2025 results: EPS: €1.18 (down from €1.37 in 3Q 2024). Revenue: €1.84b (down 5.4% from 3Q 2024). Net income: €409.5m (down 14% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Buy Or Sell Opportunity • May 20
Now 20% overvalued Over the last 90 days, the stock has fallen 8.3% to €65.40. The fair value is estimated to be €54.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings are also forecast to decline by 11% per annum over the same time period. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €1.14 (vs €1.46 in 1Q 2024) First quarter 2025 results: EPS: €1.14 (down from €1.46 in 1Q 2024). Revenue: €2.30b (up 14% from 1Q 2024). Net income: €396.7m (down 22% from 1Q 2024). Profit margin: 17% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. お知らせ • Mar 22
VERBUND AG Provides Earnings Guidance for the Year 2025 VERBUND AG provided earnings guidance for the year 2025. The company expects group result of between around €1,350 million and €1,750 million in financial year 2025. お知らせ • Mar 21
VERBUND AG announces Annual dividend, payable on May 19, 2025 VERBUND AG announced Annual dividend of EUR 2.8000 per share payable on May 19, 2025, ex-date on May 06, 2025 and record date on May 07, 2025. お知らせ • Jan 27
VERBUND AG, Annual General Meeting, Apr 29, 2025 VERBUND AG, Annual General Meeting, Apr 29, 2025.