Verbund names Waldner CFO as Deutsche Bank lifts Verbund stock target to EUR 60.00

Published on 10/22/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The CFO term lasts two years, with a two-year extension option. Verbund stock costs EUR 66.00 on October 22, 2026, 0.08 percent below Xetra close.

Leadership change and earnings date

Stefan Waldner was appointed CFO on October 7, 2026, for a two-year term with an extension option.
Second-quarter 2026 revenue fell 1.80 percent to EUR 1.71 billion.
Verbund stock trades at EUR 66.00 at 9:10 a.m. CEST at Lang & Schwarz on October 22, 2026, 0.08 percent below the Xetra close of October 21, 2026.
Verbund is scheduled to release third-quarter 2026 results on November 4, 2026.

Verbund AG, AT0000746409, Illustration mit AI erstellt.

Verbund stock (ISIN AT0000746409) was trading at EUR 66.00 at Lang & Schwarz on October 22, 2026 at 9:10 a.m. CEST, 0.08 percent below the Xetra close of October 21, 2026 at EUR 66.05. The immediate company event is a finance leadership change, while a recent analyst upgrade provides a valuation counterpoint.

Waldner takes the finance role

VERBUND appointed Stefan Waldner as Chief Financial Officer and a Management Board member on October 7, 2026. His term lasts two years and includes an option for a further two years. Waldner succeeds Peter Kollmann, who stepped down on August 31, 2026, while CEO Michael Strugl had continued to oversee finance during the transition.

The chronology matters for investors. On July 30, 2026, second-quarter revenue was EUR 1.71 billion, down 1.80 percent year over year, and net income was EUR 248.30 million, down 39.00 percent, according to Simply Wall St. On September 28, 2026, Deutsche Bank upgraded Verbund from Sell to Hold and raised its price target from EUR 55.00 to EUR 60.00, as reported by Investing.com. On October 7, 2026, the CFO appointment set a two-year management horizon.

What does the EUR 60.00 target mean?

The new Deutsche Bank target remains EUR 6.00 below the Lang & Schwarz price, so the upgrade changed the rating more than it changed the immediate valuation signal. The bank cited higher medium-term power prices but also pointed to the risk of a profit warning later in 2026, making the November report the next test of that balance.

Hydrogen investment adds a second angle

On October 2, 2026, Verbund and voestalpine expanded the H2FUTURE hydrogen pilot plant in Linz. The expansion costs EUR 16.40 million and adds compression, purification and storage capacity, according to VERBUND. The project is due to run until December 2030, with first research results expected by the end of 2026.

The next scheduled company date is November 4, 2026, when Verbund is listed as due to release third-quarter 2026 earnings by MarketScreener. That report will show whether weaker second-quarter earnings were temporary or part of a broader pressure on hydro profitability.

Verbund stock stays near EUR 66.00

Verbund operates in renewable utilities and is listed on the Vienna Stock Exchange and in the ATX. Its market capitalization was EUR 22.9 billion on October 21, 2026, while the 52-week range stood at EUR 54.30 to EUR 70.05. The further course of trading is shown by the continuously updated real-time quote of Verbund stock.