DGAP-Adhoc

VERBUND AG: VERBUND results for quarters 1-2/2015: efficiency increases, success in the electricity business and non-recurring effects result in positive income development despite a challenging environment - Seite 2

improvement in interest expenses, due in part to the significantly better
liquidity situation, as well as positive tax effects.

Outlook for 2015 confirmed
Based on average own generation from hydropower in the second half of the
year, we expect EBITDA of approximately EUR850m and a Group result of
approximately EUR240m in financial year 2015, as published in the ad hoc
notification dated 9 July 2015. The planned payout ratio for 2015 remains
at approximately 50% of the Group result of around EUR240m after adjustment
for non-recurring effects.

Key figures
Unit Q1-2/2014** Q1-2/2015 Change
Revenue* EURm 1,416.1 1,405.4 -0.8%
EBITDA EURm 354.8 489.1 37.9%
Operating result EURm 196.7 303.7 54.4%
Group result EURm 56.6 196.3 246.6%
Earnings per share EUR 0.16 0.57 246.6%
EBIT margin % 13.9 21.6 -
EBITDA margin* % 25.1 34.8 -
Cash flow from operating
activities EURm 345.0 421.8 22.2%
Free cash flow after
dividend EURm -322.8 304.9 -
Gearing % 78.2 71.9 -

* The comparative figures have been adjusted retrospectively in accordance
with IAS 8.
** The calculation of the figures takes account of the profit/loss after
tax from discontinued operations (equivalent to the profit/loss after tax
attributable to the French companies Pont-sur-Sambre Power S.A.S. and Toul
Power S.A.S., which were classified as "held for sale" until their
deconsolidation in 2014).

Further information and the 1-2/2015 interim report can be found at
www.verbund.com/cc/en > Investor Relations > Latest financial results.

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


29.07.2015 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: Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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