VERBUND AG: payout ratio for 2017
The Executive Board of VERBUND AG today decided the payout ratio for financial year 2017. For financial year 2017, VERBUND AG plans to pay out between 40 and 45% of the Group result after adjustment for non-recurring effects.
The payout ratio for financial year 2016 amounted to 30.9% of the Group result of EUR325.9m after adjustment for non-recurring effects.
On the basis of average own generation from hydropower and wind in the second half of 2017, the Group expects EBITDA for financial year 2017 to amount to approximately EUR830m and the Group result to approximately EUR300m. The adjusted Group result will also amount to approximately EUR300m.
Contact: Andreas Wollein Head of Group Finance, M&A and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:email@example.com
25-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: VERBUND AG Am Hof 6A 1010 Wien
Austria Phone: 0043-1-53113-52604 Fax: 0043-1-53113-52694 E-mail: firstname.lastname@example.org Internet: www.verbund.com ISIN: AT0000746409 WKN: 877738 Indices: ATX Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News Service
595503 25-Jul-2017 CET/CEST