View Future GrowthVERBUND 과거 순이익 실적과거 기준 점검 2/6VERBUND은 연평균 12.4%의 비율로 수입이 증가해 온 반면, Electric Utilities 산업은 수입이 15.8% 증가했습니다. 매출은 연평균 8.9%의 비율로 증가했습니다. VERBUND의 자기자본이익률은 13.5%이고 순이익률은 17.7%입니다.핵심 정보12.35%순이익 성장률12.35%주당순이익(EPS) 성장률Electric Utilities 산업 성장률7.32%매출 성장률8.94%자기자본이익률13.49%순이익률17.75%다음 순이익 업데이트30 Jul 2026최근 과거 실적 업데이트Reported Earnings • May 14First 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.Reported Earnings • Mar 18Full 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.Reported Earnings • Nov 09Third 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.공시 • Oct 11+ 3 more updatesVERBUND AG to Report Fiscal Year 2025 Results on Mar 18, 2026VERBUND AG announced that they will report fiscal year 2025 results on Mar 18, 2026Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €1.17 (vs €1.16 in 2Q 2024)Second quarter 2025 results: EPS: €1.17 (up from €1.16 in 2Q 2024). Revenue: €1.81b (down 4.1% from 2Q 2024). Net income: €406.0m (flat on 2Q 2024). Profit margin: 23% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First 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.모든 업데이트 보기Recent updatesReported Earnings • May 14First 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 21Upcoming dividend of €3.15 per shareEligible 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 German dividend payers (4.5%). Lower than average of industry peers (3.7%).공시 • Mar 19VERBUND AG announces Annual dividend, payable on May 11, 2026VERBUND 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 18Full 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.공시 • Dec 09VERBUND AG, Annual General Meeting, Apr 21, 2026VERBUND AG, Annual General Meeting, Apr 21, 2026.Declared Dividend • Dec 07Dividend reduced to €1.15Dividend 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.공시 • Dec 04VERBUND AG Proposes Special Dividend for the Financial Year 2025The 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.Reported Earnings • Nov 09Third 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.공시 • Oct 11+ 3 more updatesVERBUND AG to Report Fiscal Year 2025 Results on Mar 18, 2026VERBUND AG announced that they will report fiscal year 2025 results on Mar 18, 2026Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €1.17 (vs €1.16 in 2Q 2024)Second quarter 2025 results: EPS: €1.17 (up from €1.16 in 2Q 2024). Revenue: €1.81b (down 4.1% from 2Q 2024). Net income: €406.0m (flat on 2Q 2024). Profit margin: 23% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First 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.Upcoming Dividend • Apr 29Upcoming dividend of €2.80 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.7%).Declared Dividend • Mar 23Dividend reduced to €2.80Dividend of €2.80 is 33% lower than last year. Ex-date: 6th May 2025 Payment date: 19th May 2025 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 30% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.공시 • Mar 22VERBUND AG Provides Earnings Guidance for the Year 2025VERBUND 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.공시 • Mar 21VERBUND AG announces Annual dividend, payable on May 19, 2025VERBUND 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.Reported Earnings • Mar 21Full year 2024 earnings released: EPS: €5.40 (vs €6.52 in FY 2023)Full year 2024 results: EPS: €5.40 (down from €6.52 in FY 2023). Revenue: €8.38b (down 20% from FY 2023). Net income: €1.88b (down 17% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.공시 • Jan 27VERBUND AG, Annual General Meeting, Apr 29, 2025VERBUND AG, Annual General Meeting, Apr 29, 2025.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: €1.37 (vs €2.00 in 3Q 2023)Third quarter 2024 results: EPS: €1.37 (down from €2.00 in 3Q 2023). Revenue: €1.97b (down 36% from 3Q 2023). Net income: €477.1m (down 31% from 3Q 2023). Profit margin: 24% (up from 22% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Oct 15+ 2 more updatesVERBUND AG to Report Q1, 2025 Results on May 14, 2025VERBUND AG announced that they will report Q1, 2025 results at 8:00 AM, Central European Standard Time on May 14, 2025공시 • Oct 14VERBUND AG to Report Fiscal Year 2024 Results on Mar 20, 2025VERBUND AG announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 20, 2025공시 • Aug 27VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH.VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024. The Solavolta brand name will remain. VERBUND AG (WBAG:VER) completed the acquisition of remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €1.16 (vs €2.18 in 2Q 2023)Second quarter 2024 results: EPS: €1.16 (down from €2.18 in 2Q 2023). Revenue: €1.91b (down 45% from 2Q 2023). Net income: €404.0m (down 47% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • May 09First quarter 2024 earnings released: EPS: €1.46 (vs €1.52 in 1Q 2023)First quarter 2024 results: EPS: €1.46 (down from €1.52 in 1Q 2023). Revenue: €2.05b (down 37% from 1Q 2023). Net income: €506.0m (down 4.3% from 1Q 2023). Profit margin: 25% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 17% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 30Upcoming dividend of €4.15 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.8%).Reported Earnings • Mar 15Full year 2023 earnings releasedFull year 2023 results: Revenue: €10.6b (up 1.9% from FY 2022). Net income: €2.27b (up 32% from FY 2022). Profit margin: 22% (up from 17% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to decline by 20% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Buy Or Sell Opportunity • Feb 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €71.75. The fair value is estimated to be €90.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to decline by 18% per annum. Earnings are also forecast to decline by 14% per annum over the same time period.New Risk • Nov 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Oct 27VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX).VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023. The wind portfolio comprises five operational wind farms with a total capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, Münster and Frielendorf Süd) as well as a 18 MW wind project in Feldatal that is planned to come on stream in quarter 3/2024. VERBUND will only take over the project under construction after commissioning.VERBUND AG completed the acquisition of 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023.공시 • Sep 28VERBUND AG, Annual General Meeting, Apr 30, 2024VERBUND AG, Annual General Meeting, Apr 30, 2024.공시 • Sep 27+ 2 more updatesVERBUND AG to Report Q1, 2024 Results on May 08, 2024VERBUND AG announced that they will report Q1, 2024 results on May 08, 2024공시 • Jul 26VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L.VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023. VERBUND has acquired Operative wind power plants in Spain for an enterprise value of approximately €0.46 billion. VERBUND AG (WBAG:VER) completed the acquisition of Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023.매출 및 비용 세부 내역VERBUND가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이XTRA:OEWA 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 267,6771,363620031 Dec 258,0331,489612030 Sep 258,2971,700600030 Jun 258,4021,768592031 Mar 258,5451,766589031 Dec 248,2581,875575030 Sep 246,5191,673558030 Jun 247,6771,889541031 Mar 249,2162,243517031 Dec 2310,4712,266495030 Sep 2312,5302,632491030 Jun 2312,3122,187473031 Mar 2311,0881,732449031 Dec 2210,3571,717439030 Sep 229,5851,351419030 Jun 227,7951,366410031 Mar 226,5011,243399031 Dec 214,787874384030 Sep 213,754741387030 Jun 213,467646377031 Mar 213,018620366031 Dec 203,457631363030 Sep 203,602582363030 Jun 203,623527352031 Mar 203,955533353031 Dec 193,906555348030 Sep 193,426601346030 Jun 193,303544344031 Mar 193,140490343031 Dec 182,680433338030 Sep 182,835315341030 Jun 182,813374345031 Mar 182,854330334031 Dec 172,916301337030 Sep 172,845354323030 Jun 172,822425335031 Mar 172,810436336031 Dec 162,806424337030 Sep 162,999319353030 Jun 163,038165342031 Mar 163,103227354031 Dec 152,982208356030 Sep 152,902293379030 Jun 152,8742093890양질의 수익: OEWA는 고품질 수익을 보유하고 있습니다.이익 마진 증가: OEWA의 현재 순 이익률 (17.7%)은 지난해 (20.7%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: OEWA의 수익은 지난 5년 동안 연평균 12.4% 증가했습니다.성장 가속화: OEWA은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: OEWA은 지난 1년 동안 수익이 감소(-22.8%)하여 Electric Utilities 업계 평균(2.8%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: OEWA의 자본 수익률(13.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 21:45종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스VERBUND AG는 27명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Monica GirardiBarclaysPeter CramptonBarclaysAndrew FisherBerenberg24명의 분석가 더 보기
Reported Earnings • May 14First 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.
Reported Earnings • Mar 18Full 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.
Reported Earnings • Nov 09Third 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.
공시 • Oct 11+ 3 more updatesVERBUND AG to Report Fiscal Year 2025 Results on Mar 18, 2026VERBUND AG announced that they will report fiscal year 2025 results on Mar 18, 2026
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €1.17 (vs €1.16 in 2Q 2024)Second quarter 2025 results: EPS: €1.17 (up from €1.16 in 2Q 2024). Revenue: €1.81b (down 4.1% from 2Q 2024). Net income: €406.0m (flat on 2Q 2024). Profit margin: 23% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First 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.
Reported Earnings • May 14First 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 21Upcoming dividend of €3.15 per shareEligible 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 German dividend payers (4.5%). Lower than average of industry peers (3.7%).
공시 • Mar 19VERBUND AG announces Annual dividend, payable on May 11, 2026VERBUND 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 18Full 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.
공시 • Dec 09VERBUND AG, Annual General Meeting, Apr 21, 2026VERBUND AG, Annual General Meeting, Apr 21, 2026.
Declared Dividend • Dec 07Dividend reduced to €1.15Dividend 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.
공시 • Dec 04VERBUND AG Proposes Special Dividend for the Financial Year 2025The 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.
Reported Earnings • Nov 09Third 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.
공시 • Oct 11+ 3 more updatesVERBUND AG to Report Fiscal Year 2025 Results on Mar 18, 2026VERBUND AG announced that they will report fiscal year 2025 results on Mar 18, 2026
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €1.17 (vs €1.16 in 2Q 2024)Second quarter 2025 results: EPS: €1.17 (up from €1.16 in 2Q 2024). Revenue: €1.81b (down 4.1% from 2Q 2024). Net income: €406.0m (flat on 2Q 2024). Profit margin: 23% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First 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.
Upcoming Dividend • Apr 29Upcoming dividend of €2.80 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.7%).
Declared Dividend • Mar 23Dividend reduced to €2.80Dividend of €2.80 is 33% lower than last year. Ex-date: 6th May 2025 Payment date: 19th May 2025 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 30% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
공시 • Mar 22VERBUND AG Provides Earnings Guidance for the Year 2025VERBUND 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.
공시 • Mar 21VERBUND AG announces Annual dividend, payable on May 19, 2025VERBUND 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.
Reported Earnings • Mar 21Full year 2024 earnings released: EPS: €5.40 (vs €6.52 in FY 2023)Full year 2024 results: EPS: €5.40 (down from €6.52 in FY 2023). Revenue: €8.38b (down 20% from FY 2023). Net income: €1.88b (down 17% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
공시 • Jan 27VERBUND AG, Annual General Meeting, Apr 29, 2025VERBUND AG, Annual General Meeting, Apr 29, 2025.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: €1.37 (vs €2.00 in 3Q 2023)Third quarter 2024 results: EPS: €1.37 (down from €2.00 in 3Q 2023). Revenue: €1.97b (down 36% from 3Q 2023). Net income: €477.1m (down 31% from 3Q 2023). Profit margin: 24% (up from 22% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Oct 15+ 2 more updatesVERBUND AG to Report Q1, 2025 Results on May 14, 2025VERBUND AG announced that they will report Q1, 2025 results at 8:00 AM, Central European Standard Time on May 14, 2025
공시 • Oct 14VERBUND AG to Report Fiscal Year 2024 Results on Mar 20, 2025VERBUND AG announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 20, 2025
공시 • Aug 27VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH.VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024. The Solavolta brand name will remain. VERBUND AG (WBAG:VER) completed the acquisition of remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €1.16 (vs €2.18 in 2Q 2023)Second quarter 2024 results: EPS: €1.16 (down from €2.18 in 2Q 2023). Revenue: €1.91b (down 45% from 2Q 2023). Net income: €404.0m (down 47% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: €1.46 (vs €1.52 in 1Q 2023)First quarter 2024 results: EPS: €1.46 (down from €1.52 in 1Q 2023). Revenue: €2.05b (down 37% from 1Q 2023). Net income: €506.0m (down 4.3% from 1Q 2023). Profit margin: 25% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 17% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 30Upcoming dividend of €4.15 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.8%).
Reported Earnings • Mar 15Full year 2023 earnings releasedFull year 2023 results: Revenue: €10.6b (up 1.9% from FY 2022). Net income: €2.27b (up 32% from FY 2022). Profit margin: 22% (up from 17% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to decline by 20% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Buy Or Sell Opportunity • Feb 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to €71.75. The fair value is estimated to be €90.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to decline by 18% per annum. Earnings are also forecast to decline by 14% per annum over the same time period.
New Risk • Nov 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Oct 27VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX).VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023. The wind portfolio comprises five operational wind farms with a total capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, Münster and Frielendorf Süd) as well as a 18 MW wind project in Feldatal that is planned to come on stream in quarter 3/2024. VERBUND will only take over the project under construction after commissioning.VERBUND AG completed the acquisition of 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023.
공시 • Sep 28VERBUND AG, Annual General Meeting, Apr 30, 2024VERBUND AG, Annual General Meeting, Apr 30, 2024.
공시 • Sep 27+ 2 more updatesVERBUND AG to Report Q1, 2024 Results on May 08, 2024VERBUND AG announced that they will report Q1, 2024 results on May 08, 2024
공시 • Jul 26VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L.VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023. VERBUND has acquired Operative wind power plants in Spain for an enterprise value of approximately €0.46 billion. VERBUND AG (WBAG:VER) completed the acquisition of Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023.