DGAP-Adhoc

VERBUND AG: Upcoming resolution of outstanding issues related to gas deliveries for Mellach improves earnings outlook

VERBUND AG / Key word(s): Legal Matter/Change in Forecast

24.08.2016 10:05

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Today, the management of VERBUND AG announced that outstanding issues at
VERBUND Thermal Power GmbH & Co KG in Liqu. related to gas deliveries for
the Mellach power plant are about to be resolved. The parties have agreed
not to disclose the terms under which it is planned to resolve the issues.

Due to the effects of these plans to resolve the outstanding issues,
VERBUND AG's management is obliged to raise the earnings outlook for 2016.
Based on average water supply and wind levels in the second half of 2016,
VERBUND will generate EBITDA of approximately EUR960m (previous forecast:
EUR840m) and a Group result of approximately EUR370m (previous forecast:
EUR270m). The 2016 adjusted Group result will remain unchanged at
approximately EUR290m, as this effect is defined as a one-time measure.


For additional information please contact
Mag. Andreas Wollein
Head of Group Finance and Investor Relations
Tel.: [phone]
Fax: [phone]
[e-mail]


24.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at 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: Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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