Verbund AG

VER

Company Profile

  • Business description

    Founded in 1947 through a nationalization act, Verbund is the leading power producer in Austria. The Austrian state owns 51% of its capital. Hydro accounts for more than 90% of the total power output. Hydro power is generated from reservoirs and pumped storage plants in the Austrian Alps, and run-of-river plants in Austria and southern Germany. Total hydro capacity amounts to 8.4 GW. Verbund also owns the Austrian electricity grid through its fully owned subsidiary AP. In 2021, the firm acquired 51% of Gas Connect Austria, a gas transmission and distribution system operator. The group also owns one CCGT and is involved in trading and development of wind and solar capacity.

  • Contact

    Am Hof 6a
    Vienna1010
    AUT

    T: +43 503130

    E: [email protected]

    https://www.verbund.com

  • Sector

    Utilities

    Stock type

    Defensive

  • Industry

    Utilities - Renewable

    Fiscal Year End

    31 December 2024

    Employees

    4,115

Verbund AG News & Analysis

funds

Under the hood of Australia’s climate tech funds: CLNE ERTH

Two takes on the climate change and clean energy thematic.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries8,430.30113.601.37%
CAC 407,274.4819.89-0.27%
DAX 4019,884.7585.11-0.43%
Dow JONES (US)42,840.26498.021.18%
FTSE 1008,084.6120.71-0.26%
HKSE19,810.0889.380.45%
NASDAQ19,572.60199.831.03%
Nikkei 22539,043.59341.690.88%
NZX 50 Index12,925.7121.600.17%
S&P 5005,930.8563.771.09%
S&P/ASX 2008,179.00112.001.39%
SSE Composite Index3,378.8310.760.32%

Market Movers