Verbund

Verbund AG
Company typeAktiengesellschaft
WBAGVER
IndustryUtilities
Founded1947
HeadquartersVienna, Austria
Key people
Michael Strugl (CEO), Martin Ohneberg (Chairman of the supervisory board)
ProductsElectricity generation, distribution, trading and wholesale, renewable energy
Revenue10.346 billion (2022)[1]
€2.626 billion (2022)[1]
€1.717 billion (2022)[1]
Total assets€19.157 billion (2022)[1]
Total equity€8.323 billion (2022)[1]
Number of employees
3,516 (average, 2022)[1]
Websitewww.verbund.com

Verbund AG,[2] formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest[3] electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from hydro power. In addition, Verbund operates the supraregional power grid through its subsidiary APG. Verbund AG is listed on the Vienna Stock Exchange and in the ATX, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the Republic of Austria.[4]

  1. ^ a b c d e f "Annual Report 2022". Verbund. Archived from the original on 19 April 2011. Retrieved 28 August 2022.
  2. ^ "Verbund" (PDF).
  3. ^ Hansen, Flemming Emil (28 July 2009). "Verbund 2Q Net Pft -26%,Below Consensus; Shrs Down". Dow Jones Newswires. The Wall Street Journal. Retrieved 2009-10-17. [dead link]
  4. ^ "Company Overview of VERBUND AG". Bloomberg News. Archived from the original on 2018-01-06. Retrieved 2018-01-05.