VERBUND AG (OEWA.DE)
| Previous close | 70.30 |
| Open | 70.80 |
| Bid | 70.35 x N/A |
| Ask | 70.55 x N/A |
| Day's range | 70.05 - 71.00 |
| 52-week range | 62.35 - 89.40 |
| Volume | |
| Avg. volume | 1,795 |
| Market cap | 24.423B |
| Beta (5Y monthly) | 0.72 |
| PE ratio (TTM) | 10.81 |
| EPS (TTM) | 6.52 |
| Earnings date | N/A |
| Forward dividend & yield | 3.40 (4.84%) |
| Ex-dividend date | 07 May 2024 |
| 1y target est | N/A |
ReutersVerbund CEO says volatility is the 'new normal' on power and gas markets
European countries must expect volatile power and gas markets in the long run even after the current conflicts in Ukraine and the Middle East have faded, the head of Austrian hydropower heavyweight Verbund told Reuters in an interview. The escalating conflict between Israel and Hamas in Gaza has sent oil prices higher, and while gas and power prices have fallen far back from peaks reached after Russia's invasion of Ukraine, they remain higher on average than before the war. "Turbulence on energy markets is the new normal," Verbund CEO Michael Strugl said.
ReutersAustria's Verbund AG to appeal in case against price hike
Austria's Verbund AG said on Thursday it plans to appeal a court decision against a clause that allowed the energy company to increase its tariff from May last year. Verbund said it would lodge its appeal in due course with Austria's Supreme Court of Justice. "Our goal is still to obtain clear specifications for price changes from the legislator in order to ensure legal certainty for suppliers and end consumers alike," the company said in a statement emailed to Reuters.
ReutersRomania's Hidroelectrica tops $10 billion valuation in 'historic' IPO
Romanian energy producer Hidroelectrica's IPO has been priced at 104 lei ($22.87) per share, it said on Wednesday, implying a market capitalisation of $10.3 billion in what a government minister described as a "historic success." The pricing of the initial public offering, Europe's largest so far this year, was around the middle of an indicated range of 94-112 lei. "We are happy to see the strong investor interest which has driven a successful outcome," said Chief Executive Bogdan Badea.
