Verbund AG

• Country

  Austria

• Sector

  Utilities

• Industry group

  Utilities

• Industry

  Electric Utilities

• Sub-sector

  Utilities

• Capitalization (millions of $)

  12943.3

• Ticker

  OEZVY.PK

• ISIN

  US92336Y1073

• IPO date

  1988-12-06

• Availability on Russian exchanges

  No

• Reporting for

  2024-03-14

• Date fact. publication of reports

  2023-12-31

VERBUND AG is an Austria-based energy company. The Company is engaged in the generation and transmission of electricity in Austria. It is also active in the energy trading markets. Through its trading platform, VERBUND Energy4Business GmbH, which trades power and energy derivatives over-the-counter and at the major power exchanges across Europe. VERBUND generates electricity via its large network of hydroelectric power plants, which accounts for approximately 90% of the power generated, supplemented by wind, solar and thermal power plants, powered by fossil fuels. The Company's transmission business is run by VERBUND-Austrian Power Grid AG, which operates, maintains and extends Austria's high-voltage and extra-high-voltage power grids. Verbund has further subsidiary operations in Germany, Italy, Poland, Hungary and Slovenia. Furthermore, the Company acquired Gas Connect Austria GmbH to operate its infrastructure.