Verbund AG - Company Profile
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Verbund AG (Verbund) is an electricity utility that generates, transmits, trades, and distributes electricity. It generates electricity from renewable energy sources such as hydro, biomass, wind, and solar. The company constructs, operates and maintains power plants. It also trades electricity and gas and certificates on European exchanges. It operates an electricity transmission network through Austrian Power Grid AG and manages and controls its foreign and domestic equity interests. It provides vehicle maintenance, insurance, and facilities management services. The company operates 129 hydropower plants in Austria and Germany. The company serves household, commercial, and agriculture customers; and traders and resellers in 12 countries including Germany, Romania, Austria, and others. Verbund is headquartered in Vienna, Austria.
Headquarters
Austria
Address
Am Hof 6a, Wien, Oberosterreich , 1010
Website
www.verbund.com
Telephone
43 503130
No of Employees
3,752
Industry
Power
Ticker Symbol & Exchange
VER (WBAG)
Revenue (2022)
$10.9B
116.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
96.6%
(2022 vs 2021)
Market Cap*
$12.8B
Net Profit Margin (2022)
XYZ
-9.2%
(2022 vs 2021)
* As of and is in US$
Verbund AG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Electricity Transmission |
| Electricity Distribution | |
| Electricity Trading | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Purchase | In February, the company acquired a 116 MWh battery project from Kyon Energy. |
| 2023 | Contracts/Agreements | In December, VERBUND Green Hydrogen and Masdar signed a deal to explore developing a green hydrogen plant in central Spain. |
| 2023 | Asset Purchase | In October, the company announced the acquisition of a 56.4 MW wind portfolio in Hesse, North Rhine-Westphalia and Lower Saxony, Germany. |
Competitor Comparison
| Key Parameters | Verbund AG | Enel SpA | RWE AG | MVV Energie AG | NV Energy Inc |
|---|---|---|---|---|---|
| Headquarters | Austria | Italy | Germany | Germany | United States of America |
| City | Wien | Rome | Essen | Mannheim | Las Vegas |
| State/Province | Oberosterreich | Lazio | Rheinland-Pfalz | Baden-Wurttemberg | Nevada |
| No. of Employees | 3,752 | 65,212 | 19,884 | 6,419 | 1,400 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Strugl, Ph.D. | Chairman; Chief Executive Officer | Executive Board | 2019 | 60 |
| Peter F. Kollmann, Ph.D. | Chief Financial Officer; Director | Executive Board | 2014 | 61 |
| Susanna Zapreva-Hennerbichler | Director | Executive Board | 2023 | - |
| Olivia Schauerhuber | Head - Corporate Development | Senior Management | 2021 | - |
| Achim Kaspar, Ph.D. | Director | Non Executive Board | 2019 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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