VERBUND AG Reports Strong 2024 Earnings Amidst Market Volatility

In 2024, VERBUND AG navigated a turbulent energy market influenced by geopolitical tensions and economic challenges, including the war in Ukraine and fluctuating European gas prices. Despite this, the company achieved noteworthy successes in advancing its strategic goals. The year saw a decline in earnings due to reduced wholesale prices, with EBITDA down 22.5% to €3,480.3 million, and the Group result decreasing by 17.2% to €1,875.3 million. Nevertheless, above-average water supply positively impacted results.

The proposed ordinary dividend of €2.80 per share awaits approval at the Annual General Meeting. Looking ahead to 2025, VERBUND forecasts an EBITDA range of €2,700 million to €3,300 million, with the continuation of the Federal Act on the Electricity Energy Crisis Contribution expected to levy between €50 million and €100 million in windfall tax.