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VERBUND AG: segment reporting changes as of quarter 1/2016 (news with additional features)

DGAP-News: VERBUND AG / Key word(s): Miscellaneous
VERBUND AG: segment reporting changes as of quarter 1/2016 (news with
additional features)

19.04.2016 / 15:01
The issuer is solely responsible for the content of this announcement.

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VERBUND AG hereby announces upcoming changes to segment reporting which
will be first published on 4 May 2016 in the interim report covering
quarter 1/2016.

Background and details of the changes:
VERBUND has substantially restructured the organisation of Group
management. As of quarter 1/2016, internal segment performance is measured
primarily on the basis of EBITDA. Since quarter 1/2016, the Group Executive
Board also measures performance at the segment level, categorised as
follows: Renewable generation, Sales, Grid, Energy services, Thermal
generation, Services and Equity interests.

The generation technologies of hydropower, wind and photovoltaics are
bundled under the Renewable generation segment. The Sales segment comprises
all trading and sales activities, and the Grid segment comprises all
activities of Austrian Power Grid AG. The new services for the electricity
market of the future are reported in the Energy services segment.
Electricity and heat generation from the fuels coal and gas are reported
under the Thermal generation segment. The primarily intra-Group business
activities of VERBUND Services GmbH are reported under the Services
segment. Those interests accounted for using the equity method not assigned
to any other segment are reported under the Equity interests segment. This
is currently only the equity interest in KELAG-Kärntner
Elektrizitäts-Aktiengesellschaft.

The Energy services, Thermal generation, Services and Equity interests
segments are summarised in the category "All other segments" because they
fall below the quantitative thresholds. The column
"Reconciliation/consolidation" includes the activities of VERBUND AG and
VERBUND Finanzierungsservice GmbH as well as non-consolidated equity
interests that cannot be assigned to a segment and consolidation at the
Group level.

Segment information from the previous year has been adjusted to reflect
this revised segment structure.

The enclosed figures represent pro forma figures for quarter 1/2015 and
financial year 2015 and are unaudited. Adjustments to the final figures are
possible.

This press release along with the pro forma figures are available on our
website at www.verbund.com > Investor Relations.

Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: [phone] - 52604
F.: [phone] - 52694
mailto:[e-mail]


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Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=NVVFPXLSPD
Document title: VERBUND segments 2015

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19.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official
Market)


End of News DGAP News Service
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455539 19.04.2016