VERBUND AG,

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "VERBUND AG, www.verbund.com"

Transcription

1

2 VERBUND Results quarter 1/2015 Vienna, 06/05/2015

3 Results quarter 1/2015 Page 3

4 At a glance Influencing factors Water supply 3% above long-term average and 10%-points above Q1/2014 Reduction of average achieved contract prices from 39.1 to 35.5 /MWh Sale of French CCGTs, Sorgenia exit and sale of Bulgarian wind farm successfully finalized Programme to reduce costs and increase efficiency continued Results and cash flows EBITDA 217.8m (+5.2%) Group result 63.4m (+54.9%) Operating cash flow 166.1m ( 4.9%) Free cash flow after dividend 266.3m (Q1/2014: 1.4m) Outlook 2015 Outlook 2015 confirmed: EBITDA approx. 770m, Group result approx. 180m Dividend policy: approx. 50% of adjusted Group result Page 4

5 Increased production from all sources Hydro coefficient (run-of-river) long-term average Generation from annual reservoirs/ GWh January February March Q1/2014 (0.93) Q1/2015 (1.03) January February March Q1/2014 (1,035 GWh) Q1/2015 (1,054 GWh) Electricity supply GWh (+14.3%) Electricity supply/ TWh Hydropower: +497 GWh (+8.8%) Generation from storage power: +19 GWh Thermal Power: +357 GWh (+54.4%) Pont-sur-Sambre and Toul 132 GWh CCGT Mellach +115 GWh Wind/Solar: +55 GWh (+24.9%) Purchase from third parties: +780 GWh Hydro power* 6.2 Thermal power 1.0 Wind/solar 0.3 Purchase 6.1 * volumes for holders of interests: 0.8 TWh (at cost) Page 5

6 Declining contract price; higher sales volume Hedging volumes / TWh FY 2014: 39.1/MWh Sales customers/ TWh Total sales equals to 12.6 TWh Resellers +18% 6.0 Traders +23% Clients 4% 2.2 Sales countries/ TWh Total sales equals to 12.6 TWh Austria +10% 6.7 Germany +8% 4.4 France +146% /12/13 31/3/14 30/6/14 30/9/14 31/12/ /3/2015 Romania +23% 0.2 Achieved contract price Hedged volumes Others -51% 0.1 Open volumes 1 Own production excluding volumes for holders of interests (at cost), wind/solar and volumes resulting from pumping Page 6

7 Key financial figures EBITDA/ m Group result/ m +5% +55% Cash flow/ m Operating CF Free CF -5% Q1/2014 Q1/2015 Q1/2014 Q1/2015 EBITDA, EBIT margin/ % Additions/ m EBITDA Marge EBIT Marge -61% to tangible assets (without business combination) 1 Q1/2014 Net debt/ m -5% 4,060 Q1/2015 3, Q1/2014 Q1/2015 Q1/2014 Q1/ Page 7

8 Financial liabilities Debt maturity profile/ m JPY bond 682 Financial liabilities/ bn -13% >2022 Q1/2014 Q1/2015 Financial liabilities Book value Financial liabilities: 3,262m Financial ratios Duration: 4.3 years Effective interest rate: 3.86% p.a. Uncommitted lines of credit: 607m Syndicated loan: 500m Interest mix 93% fixed interest rate 7% floating interest rate Currency mix 99% EUR 1% JPY Rating Standard & Poor s: BBB+/stable outlook Moody s: Baa1/negative outlook Page 8

9 Outlook Payout ratio 2015: approx. 50% based on adjusted Group result of 180m Earnings outlook 2015: EBITDA of around 770m and Group result of around 180m based on an average generation from hydropower Hedging volumes / TWh 34,6 34,6 34,0 Sensitivities 2015 A change of 1% (generation from hydropower/ windpower) or 1/MWh (wholesale price) either way would be reflected as follows in the operating result for 2015, other things being equal: Greater or less generation from hydropower: +/ 6.6m Greater or less generation from windpower : +/ 0.4m Wholesale price: +/ 5.1m 24,6 23,4 1,2 30/9/2014 Achieved contract price Open volumes 2,4 31/12/14 Hedged volumes 19,8 1 Volumes: Own production excluding volumes for holders of interests (at cost), wind/solar and volumes resulting from pumping 6,0 31/3/2015 Page 9

10 Current developments Page 10

11 Thermal restructuring Update Exit from thermal portfolio abroad finalized Sale of French CCGTs: closing in Q1/2015 Sorgenia exit: closing in Q1/2015 Thermal portfolio Austria Closure of Dürnrohr hard coal power plant currently under implementation Mellach hard coal power plant will remain in operation to supply district heating to the city of Graz CCGT Mellach injunction by Styrian court further procedure pending Application for the termination of antitrust behaviour filed for the gas supply agreement outcome expected 2016 Gas procurement and payments to EconGas stopped Expected results contribution excl. one-offs France m 2014A 2015E EBITDA EBIT Group result Expected results contribution excl. one-offs Austria m 2014A 2015E EBITDA EBIT Group result Page 11

12 Cost cutting programme Gradual reduction of 500 FTEs until 2020 by means of partial retirement, package offers and natural churn without replacement Cost cutting targets and results/ m 60 Immediate reduction of cost of maintenance and operations via strictly prioritized asset management and maintenance strategy Immediate reduction of other operating expenses via zero base budgeting and tight cost control processes Strict review of our project portfolio will further reduce the cost of feasibility studies Initial target Actuals / Expected (2015) Page 12

13 Growth capex : 433m 1 Hydropower Investment volume 71m 430 MW 2 pumped storage power plant Reißeck II (COD: 2015) New construction of run of river power plant Töging in Germany (additional capacity of 25 MW (COD: 2021) Efficiency increase measures 64m (part of maintenance capex) Additional 69 MW, 90 GWh Wind power Investment volume 19m 21 MW in Austria (COD: 2015) Grid Investment volume 334m 380-kV Salzburg line, 220-kV replacement construction 1 includes 10m of investments in participations (e-mobility etc.) 2 VERBUND s share of total capacity: 284 MW hydro storage Page 13

14 Details to the capex plan Growth capex/ m (total of 433m) Hydropower Wind power Grid Others Maintenance capex/ m (total of 436m) Hydro Thermal Grid Page 14

15 Appendix Page 15

16 Income statement (continuing and discontinued business) m Q1/2014 Q1/2014 Q1/2014 Q1/2015 continuing discontinued Total Revenue 680,4 670,8 9,6 712,1 Electricity revenue 555,6 546,0 9,6 579,4 Grid revenue 87,5 87,5 0,0 91,6 Other revenue 37,3 37,3 0,0 41,2 Other operating income 12,4 12,3 0,0 14,4 Expenses for electricity purchases & use of fuels -356,6-347,4-9,2-386,4 Other operating & personnel expenses -129,0-121,9-7,1-122,1 Depreciation & amortisation -96,3-96,3 0,0-94,0 Effects from impairment tests -0,1-0,1 0,0 0,0 EBIT 110,7 117,3-6,7 123,8 Result from equity interests & oth. interests 7,9 7,9 0,0 7,6 Interest income/expense -45,5-41,9-3,6-35,5 Other financial result -3,1-3,3 0,2-1,1 Effects from impairment tests 0,0 0,0 0,0 0,0 Effects from business combination 0,0 0,0 0,0 0,0 Financial result -40,8-37,3-3,5-29,0 Taxes -16,5-16,5 0,0-22,0 Group result 40,9 51,1-10,1 63,4 Minorities 12,4 12,4 0,0 9,4 Earnings per share ( ) 0,12 0,15 0,18 Page 16

17 Balance sheet (short version) m Change Non-current assets % Current assets % Assets held for sale % Total assets % Equity % Non-current liabilities % Current liabilities % Total liabilities % Page 17

18 Cash flow statement (short version) m Q1/2014 Q1/2015 Change Cash flow from operating activities % Cash flow from investing activities Cash flow from financing activities % Change in cash and cash equivalents % Cash and cash equivalents at the end of the period % Page 18

19 Investor relations team Andreas Wollein Head of Group Finance and Investor Relations T +43(0) Martin Weikl Investor Relations Manager T +43(0) Stefan Wallner Investor Relations Manager T +43(0) Page 19

EVN Institutional Investors Conference. Zürs, April 11 th, 2013

EVN Institutional Investors Conference. Zürs, April 11 th, 2013 EVN Institutional Investors Conference Zürs, April 11 th, 2013 1 EVN at a glance EVN profile Leading integrated energy and environmental services company serving customers in Lower Austria, SEE and CEE

More information

Vattenfall Q2 2013 results

Vattenfall Q2 2013 results Vattenfall Q2 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Conference call for analysts and investors, 23 July 2013 Q2 Highlights Impairment charges on thermal assets and goodwill amounting to

More information

Conference call First half of fiscal year 2014

Conference call First half of fiscal year 2014 Conference call First half of fiscal year EnBW Energie Baden-Württemberg AG Karlsruhe, 1 August Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Senior Vice President, Head of Finance / Investor

More information

FINANCIAL RESULTS Q1 2016

FINANCIAL RESULTS Q1 2016 FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets

More information

EVN Conference Call Q. 1 3 2012/13 Results. August 29 th, 2013

EVN Conference Call Q. 1 3 2012/13 Results. August 29 th, 2013 EVN Conference Call 2012/13 Results August 29 th, 2013 Business highlights Key financials Operating result at last year s level Group net profit 34.8% below prior-year level due to one-off effects in financial

More information

EVN Conference Call Q. 1 3 2013/14 Results. 28 August 2014

EVN Conference Call Q. 1 3 2013/14 Results. 28 August 2014 EVN Conference Call Q. 1 3 2013/14 Results 28 August 2014 IFRS changes to the Scope of Consolidation Initial application of IFRS 10 12 Q. 1 3 2013/14 financial statements were prepared in accordance with

More information

FINANCIAL RESULTS Q2 2015

FINANCIAL RESULTS Q2 2015 FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution

More information

EVN Conference Call HY. 1 2014/15 Results. 28 May 2015

EVN Conference Call HY. 1 2014/15 Results. 28 May 2015 EVN Conference Call HY. 1 2014/15 Results 28 May 2015 Business development HY. 1 2014/15 Significant increase in electricity generation expansion of renewable energy production full operations in the Duisburg-Walsum

More information

EVN Conference Call Q. 1 2014/15 Results. 26 February 2015

EVN Conference Call Q. 1 2014/15 Results. 26 February 2015 EVN Conference Call Q. 1 2014/15 Results 26 February 2015 Business development Q. 1 2014/15 Increase in electricity generation based on full operations in the Duisburg-Walsum power plant and the expansion

More information

Investors Presentation Final Figures Financial Year 2014 / 2015. Solutions made in plastic

Investors Presentation Final Figures Financial Year 2014 / 2015. Solutions made in plastic Page 1 Investors Presentation, Final Figures Financial Year 2014 / 2015 Investors Presentation Final Figures Financial Year 2014 / 2015 Solutions made in plastic Page 2 Investors Presentation, Final Figures

More information

Conference call on the first six months 2015»

Conference call on the first six months 2015» Conference call on the first six months 2015» EnBW Energie Baden-Württemberg AG Karlsruhe, 30 July 2015 Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Senior Vice President, Head of Finance,

More information

Conference call on the first nine months 2015»

Conference call on the first nine months 2015» Conference call on the first nine months» EnBW Energie Baden-Württemberg AG Karlsruhe, 13 November Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Senior Vice President, Head of Finance, M&A

More information

EVN Conference Call HY. 1 2012/13 Results. May 28 th, 2013

EVN Conference Call HY. 1 2012/13 Results. May 28 th, 2013 EVN Conference Call HY. 1 2012/13 Results May 28 th, 2013 Operational update Deal for the sale of the 50% stake in Devoll to Statkraft closed Earnings of WEEV burdened by market valuation of Verbund shares

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

Conference call Fiscal year 2014»

Conference call Fiscal year 2014» Conference call Fiscal year» EnBW Energie Baden-Württemberg AG Karlsruhe, 17 March 2015 Frank Mastiaux, Chief Executive Officer Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Senior Vice President,

More information

9M10 Results Presentation

9M10 Results Presentation 9M10 Results Presentation November 5th, 2010 9M10: Highlights of the period EBITDA: 2,651m, +9% YoY EBITDA from Brazil: +28% YoY: 19% of EDP Group EBITDA in 9M10 Electricity distributed +15% YoY EBITDA

More information

Disclaimer. This presentation does not constitute financial advice.

Disclaimer. This presentation does not constitute financial advice. Page 1 Mighty River Power Interim Results 2012 Disclaimer The information in this presentation was prepared by Mighty River Power Limited with due care and attention with every effort made to ensure its

More information

1Q 2014 Results. May 8, 2014

1Q 2014 Results. May 8, 2014 1Q 2014 Results May 8, 2014 Opening remarks Italian and Iberian operations EBITDA up by 7%, despite weak demand and negative regulatory framework in Spain Strong increase in demand in Latam, up by ca.

More information

E.ON Debt Investor Update Call. Cleaner & better energy. Dr. Marcus Schenck, CFO September 3, 2012

E.ON Debt Investor Update Call. Cleaner & better energy. Dr. Marcus Schenck, CFO September 3, 2012 E.ON Debt Investor Update Call Cleaner & better energy Dr. Marcus Schenck, CFO September 3, 2012 Agenda Operating update Financial update 1 Cleaner & better energy Europe Investment Performance Outside

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

Conference call Transcript Release of 2012 Audited Consolidated Results

Conference call Transcript Release of 2012 Audited Consolidated Results Conference call Transcript Release of 2012 Audited Consolidated Results Good morning America and good afternoon Europe, Welcome to Hrvatska elektroprivreda d.d. s first investor relations conference call.

More information

Significant reduction in net loss

Significant reduction in net loss press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany

More information

Investor and Analyst Q1 2014 Conference Call

Investor and Analyst Q1 2014 Conference Call Investor and Analyst Q1 2014 Conference Call Essen, 14 May 2014 Bernhard Günther Chief Financial Officer Stephan Lowis Vice President Investor Relations Forward Looking Statement This presentation contains

More information

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2015 in CZK Millions

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2015 in CZK Millions BALANCE SHEET Assets Property, plant and equipment: 31. 03. 2015 31. 12. 2014 Plant in service 345,012 344,246 Less accumulated provision for depreciation (199,841) (196,333) Net plant in service 145,171

More information

Bertelsmann Annual Results 2010 Investor Conference Call

Bertelsmann Annual Results 2010 Investor Conference Call Bertelsmann Annual Results 2010 Investor Conference Call March 29, 2011 Dr. Thomas Rabe Member of the Executive Board and Chief Financial Officer Bertelsmann AG Summary and highlights Operating performance

More information

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of June 30, 2014 in CZK Millions

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of June 30, 2014 in CZK Millions BALANCE SHEET Assets Property, plant and equipment: 30. 6. 2014 31. 12. 2013 Plant in service 319 440 319 081 Less accumulated provision for depreciation (188 197) (182 282) Net plant in service 131 243

More information

EVN Company presentation. May 2013

EVN Company presentation. May 2013 EVN Company presentation May 2013 11 Agenda 2 EVN at a glance Investments and projects Financial performance Q. 1 2012/13 Financial performance 2011/12 222 EVN at a glance EVN profile Leading integrated

More information

Vattenfall Full Year 2013 results

Vattenfall Full Year 2013 results Vattenfall Full Year 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Press conference, 4 February 2014 2013 Highlights Net sales increased 2.6% to SEK 172bn (167) Underlying EBIT increased 1.3%

More information

Report of the Executive Board. In millions of EUR 2014 2013

Report of the Executive Board. In millions of EUR 2014 2013 Review Results from operating activities Revenue 19,257 19,203 income 93 226 Raw materials, consumables and services (12,053) (12,186) Personnel expenses (3,080) (3,108) Amortisation, depreciation and

More information

2010 Full-Year Results

2010 Full-Year Results PRESS RELEASE Paris, 31 March 2011. 2010 Full-Year Results Results reflect losses of the Supply business as well as the gathering momentum of the Generation branch, which was divested early in 2011 in

More information

Nordex SE Conference Call 9M 2012. Hamburg, 13/11/2012

Nordex SE Conference Call 9M 2012. Hamburg, 13/11/2012 Nordex SE Conference Call 9M 2012 Hamburg, 13/11/2012 AGENDA 1. Highlights 9M 2012 Dr. J. Zeschky 2. Financials 9M 2012 B. Schäferbarthold 3. Guidance 2012 and market outlook B. Schäferbarthold 4. Strategy

More information

2011 Results 2012-2016 Plan

2011 Results 2012-2016 Plan 2011 Results 20122016 Plan Rome March 8, 2012 2011 Results & 20122016 Plan Agenda 2011 macro scenario Worldwide Energy industry 2011 results 2012 outlook 20122016 strategic update Macro assumptions Key

More information

Q1 QUARTERLY REPORT 09 E-CO ENERGI

Q1 QUARTERLY REPORT 09 E-CO ENERGI Postboks 255 Sentrum 0103 Oslo Phone 24 11 69 00 Fax 24 11 69 01 www.e-co.no Q1 QUARTERLY REPORT 09 E-CO ENERGI CONSOLIDATED QUARTERLY REPORT 1 JANUARY 2009-31 MARCH 2009 (2008 figures in parentheses)

More information

Interim report January - March 2015

Interim report January - March 2015 Interim report January - March 2015 April 22 th 2015 Lars Wollung, CEO Erik Forsberg, CFO Q1 Key highlights Strong financial performance EBIT excluding revaluations and fx-impact +12% Investment grade

More information

Landsvirkjun s Financial Statements 2015

Landsvirkjun s Financial Statements 2015 Landsvirkjun s Financial Statements 2015 Net debt decreased by USD 205 million from the previous year Record sold volume of electricity in the history of the Company 13.9 TWh Key figures from the consolidated

More information

EVN Company presentation. March 2013

EVN Company presentation. March 2013 EVN Company presentation March 2013 1 Agenda 2 EVN at a glance Investments and projects Financial performance Q. 1 2012/13 Financial performance 2011/12 2 EVN at a glance EVN profile Leading integrated

More information

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer 1 FY RESULTS 27 FEBRUARY 2015 Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words

More information

Landsvirkjun's debt continues to decrease

Landsvirkjun's debt continues to decrease Press release Landsvirkjun's Consolidated Financial Statements 2012 Landsvirkjun's debt continues to decrease Key figures from the consolidated financial statements Total operating revenues amounted to

More information

Paving the way for growth with continued focus on financial discipline

Paving the way for growth with continued focus on financial discipline Paving the way for growth with continued focus on financial discipline Essen, 10 March 2015 Peter Terium Chief Executive Officer Bernhard Günther Chief Financial Officer Stephan Lowis Vice President Investor

More information

2014 first half results. 13 August 2014

2014 first half results. 13 August 2014 2014 first half results 13 August 2014 2014 first half results and full year outlook EBITDA 1 Outlook 5,705m 5,013m 9.4bn 2 8.0-8.6bn H1 2013 H1 2014 FY 2013A FY 2014E Underlying net income 1 Outlook 1,907m

More information

Fourth quarter 2007. February 19, 2008 (1)

Fourth quarter 2007. February 19, 2008 (1) Fourth quarter 1 3 2 4 February 19, 2008 (1) Highlights Strong year for Hydro hit by lower aluminium prices in NOK and weaker downstream markets Solid operational performance Qatalum on track, 9% complete

More information

Nordex SE Annual Results 2013

Nordex SE Annual Results 2013 Nordex SE Annual Results 2013 Frankfurt 24 March 2014 AGENDA 1. Highlights 2013 Dr. Jürgen Zeschky 2. Market success and operating milestones Dr. Jürgen Zeschky 3. Business development and key figures

More information

C O N F E R E N C E C A L L Q April 2008

C O N F E R E N C E C A L L Q April 2008 C O N F E R E N C E C A L L Q1 2008 30 April 2008 Agenda Highlights Q1 2008 Dr Helmut Leube, Chairman of Management Board Key performance indicators Q1 2008 Helmut Meyer, CFO Outlook for 2008 Dr Helmut

More information

Financial results of 2013 Outlook 2014+ 12 March 2014

Financial results of 2013 Outlook 2014+ 12 March 2014 Financial results of 2013 Outlook 2014+ 12 March 2014 DUON benefits from liberalisation of electric energy and gas markets: summary of 2013 +56% increase of revenues to almost PLN 400 m +54% increase of

More information

FINANCIAL RESULTS Q3 2015

FINANCIAL RESULTS Q3 2015 FINANCIAL RESULTS Q3 2015 CEO Christian Rynning-Tønnesen CFO Hallvard Granheim 28 th October 2015 Financial highlights Decline in underlying results (EBITDA) - Nordic prices are down 58 % Q-on-Q - Production

More information

FINANCIAL RESULTS Q4 AND FULL YEAR 2009

FINANCIAL RESULTS Q4 AND FULL YEAR 2009 FINANCIAL RESULTS Q4 AND FULL YEAR 2009 PRESIDENT AND CEO BÅRD MIKKELSEN CFO STEIN DALE 18 FEBRUARY 2010 2009 IN BRIEF Increased revenues due to new assets Reduced output from existing assets NOK million

More information

Dear shareholders. The first half of 2014/15 in brief. Renewable energies: Axpo focusing on wind

Dear shareholders. The first half of 2014/15 in brief. Renewable energies: Axpo focusing on wind The first half of in brief Dear shareholders In the first half of, Axpo continued its strategy of optimising its core business, reducing costs and opening up new sources of revenue. Progress has been pleasing.

More information

INVESTORS AND ANALYSTS CONFERENCE CALL - FY13 RESULTS - 13 March 2014

INVESTORS AND ANALYSTS CONFERENCE CALL - FY13 RESULTS - 13 March 2014 INVESTORS AND ANALYSTS CONFERENCE CALL - FY13 RESULTS - 13 March 2014 HIGHLIGHTS OPERATIONAL Improved performance and increased profitability in Rest of the World operations On a comparable basis*, average

More information

PRESS RELEASE. Indesit Company s Board of Directors examines the results for 2 nd quarter 2012 and approves the 1 st half management report

PRESS RELEASE. Indesit Company s Board of Directors examines the results for 2 nd quarter 2012 and approves the 1 st half management report PRESS RELEASE Indesit Company s Board of Directors examines the results for 2 nd quarter and approves the 1 st half management report Growth in 2 nd quarter revenues and market share. Operating margin

More information

Enel Russia Investor Day Strategic Plan 2015-19. Moscow, 8 April 2015

Enel Russia Investor Day Strategic Plan 2015-19. Moscow, 8 April 2015 Enel Russia Investor Day Strategic Plan 2015-19 Moscow, 8 April 2015 2 Enel Russia Investor Day Agenda 2014 main developments and strategic plan for 2015-19 2015-19 key financial figures Closing remarks

More information

Metsä Board Metsä Board

Metsä Board Metsä Board Metsä Board Financial 215 Financial statements statements review review 215 Highlights in 215 Paperboard delivery volumes increased by 12% compared to 214 Operating profit improved 32% Strong operating

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors September 2006 (revised version) Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or

More information

Metsä Board Debt investor presentation Q2/2015. 6 August 2015

Metsä Board Debt investor presentation Q2/2015. 6 August 2015 Metsä Board Debt investor presentation Q2/2015 Strong financing situation continues EUR million 1000 750 Net debt Gross debt EUR 671 million and net debt EUR 389 million at the end of Q2/2015 (EUR 319

More information

Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015

Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015 Drägerwerk AG & Co. KGaA Analyst Conference 2015 Frankfurt, March 11, 2015 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any

More information

Aalberts Industries increases earnings per share +10%

Aalberts Industries increases earnings per share +10% Aalberts Industries increases earnings per share +10% Langbroek, 26 February 2015 Highlights o Revenue EUR 2,201 million, increase +8% (organic +3.1%) o Operating profit (EBITA) +10% to EUR 247 million;

More information

Interim Report January September 2015

Interim Report January September 2015 Interim Report January September 2015 July September 2015 Net sales of SEK 37,519 million (34,734) Underlying operating profit 1 of SEK 3,388 million (2,750) Operating profit of SEK 3,001 million (-19,436).

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

PEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results

PEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results PEGAS NONWOVENS SA First quarter 2010 unaudited consolidated financial results May 20, 2010 PEGAS NONWOVENS SA announces its unaudited consolidated financial results for the first quarter of 2010 to March

More information

9M2005 Consolidated Results Fulvio Conti Chief Executive Officer

9M2005 Consolidated Results Fulvio Conti Chief Executive Officer 9M2005 Consolidated Results Fulvio Conti Chief Executive Officer Rome, 9 November 2005 Agenda 1. 9M2005 Results 2. 2005 and 2006 outlook 3. Questions & Answers 1 9M2005 results - Highlights Results 9M05/9M04

More information

ScottishPower Segmental Generation and Supply Statements for the year ended 31 December 2011

ScottishPower Segmental Generation and Supply Statements for the year ended 31 December 2011 ScottishPower Segmental Generation and Supply Statements Required under Standard Condition 16B of Electricity Generation Licences and Standard Condition 19A of Electricity and Gas Supply Licences Contents

More information

Jan-December 2014 Results. Madrid, May 2015

Jan-December 2014 Results. Madrid, May 2015 Jan-December 2014 Results Madrid, May 2015 January- December 2014 Highlights Reported Net profit exc. PPA reaches 8.3 million, from the -3.2 million losses accounted in 2013. 2014 has been a year of transformation

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) FY 2013 FY 2014 % change Q4 2013 Q4 2014 % change un Revenue 2,865 2,620-8.6% 739 711-3.8% Cost of sales (2,031) (1,813) -10.7% (511) (489) -4.3%

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%

More information

Ludwigshafen, February 25, 2014

Ludwigshafen, February 25, 2014 Ludwigshafen, February 25, 2014 Analyst Conference FY2013 Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements that are subject to risks and uncertainties,

More information

SHARPENING STRATEGIC FOCUS

SHARPENING STRATEGIC FOCUS SHARPENING STRATEGIC FOCUS RESULTS FIRST HALF-YEAR 2014 August 1, 2014 Disclaimer This document contains certain statements and expectations that are forward looking, and which are based on information

More information

Q1 2014 Earnings Call. April 30 th, 2014

Q1 2014 Earnings Call. April 30 th, 2014 Q1 2014 Earnings Call April 30 th, 2014 Agenda Executive summary Financial data Outlook 2014 Appendix 2 Summary Q1 2014 (1) Revenue growth factors Positive start in FY 2014 with Q1 revenue increase of

More information

Interim Report January June 2015

Interim Report January June 2015 Interim Report January June 2015 April June 2015 Net sales of SEK 36,115 million (36,575) Underlying operating profit 1 of SEK 2,966 million (4,086) Operating profit of SEK -38,045 million (-1,637). Operating

More information

Non-GAAP Financial Measures. Second Quarter and First Half of Fiscal 2014. siemens.com. Energy efficiency. Intelligent infrastructure solutions

Non-GAAP Financial Measures. Second Quarter and First Half of Fiscal 2014. siemens.com. Energy efficiency. Intelligent infrastructure solutions Energy efficiency Next-generation healthcare Industrial productivity Intelligent infrastructure solutions Non-GAAP Financial Measures Second Quarter and First Half of Fiscal 2014 siemens.com second QUARTER

More information

Group 9-month report Bastei Lübbe AG 1 Apr - 31 Dec 2015

Group 9-month report Bastei Lübbe AG 1 Apr - 31 Dec 2015 Group 9-month report Bastei Lübbe AG 1 Apr - 31 Dec 2015 At a Glance Key figures (IFRS) 01/04/2015-2015 01/04/- Change in % Business development in million Group turnover 79.4 86.8-8.5 % EBITDA 14.0 11.5

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) FY 2014 FY 2015 % change Q4 2014 Q4 2015 % change un Revenue 2,620 2,646 1.0% 711 672-5.5% Cost of sales (1,813) (1,804) -0.5% (489) (464) -5.1%

More information

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6 2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216

More information

Letter from the Management Board 3. Key Financial Figures 4. Management Report 5. Consolidated Income Statement (IFRS) 9

Letter from the Management Board 3. Key Financial Figures 4. Management Report 5. Consolidated Income Statement (IFRS) 9 3-Months Report 2015 Content Letter from the Management Board 3 Key Financial Figures 4 Management Report 5 Consolidated Income Statement (IFRS) 9 Consolidated Statement of Comprehensive Income (IFRS)

More information

INTERIM REPORT 2014 SECOND QUARTER (Q2)

INTERIM REPORT 2014 SECOND QUARTER (Q2) INTERIM REPORT 2014 SECOND QUARTER (Q2) Summary - Revenue in the second quarter came to 397 million kroner, 35 million kroner lower than the second quarter of 2013 - Lower revenue was a result of decreased

More information

Financials at a glance: Strong growth in topline and net adjusted income

Financials at a glance: Strong growth in topline and net adjusted income 1 Ströer Financials Financials at a glance: Strong growth in topline and net adjusted income Change Revenues Organic growth (1) Operational EBITDA 282.3 242.2 +16.6% 7.3% 10.0% 59.8 52.4 +14.0% Net adjusted

More information

CONFERENCE CALL H1 2009. 12 August 2009

CONFERENCE CALL H1 2009. 12 August 2009 CONFERENCE CALL H1 2009 12 August 2009 Agenda Dr Margarete Haase, CFO Overview H1 2009 Key financials H1 2009 "MOVE" programme and outlook Appendix 2 Highlights of H1 2009 "MOVE" programme with very good

More information

Full Year Results 2012. Conference Call Presentation, 21 st March 2013

Full Year Results 2012. Conference Call Presentation, 21 st March 2013 Full Year Results 2012 Conference Call Presentation, 21 st March 2013 0 Disclaimer This presentation may contain forward-looking statements based on current assumptionsandforecastsmadebybrenntag AG and

More information

Condensed consolidated income statement

Condensed consolidated income statement RESTATED AND PREVIOUSLY COMMUNICATED (OLD) QUARTERLY INFORMATION FOR Fortum signed the agreement to sell its Swedish distribution business on 13 March 2015, which concludes Fortum s divestment of its electricity

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors October 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or

More information

CONFERENCE CALL Q1-Q3 2010. 10 November 2010

CONFERENCE CALL Q1-Q3 2010. 10 November 2010 CONFERENCE CALL Q1-Q3 2010 10 November 2010 Agenda Overview Q1-Q3 Q3 2010 Dr Helmut Leube, Chairman of the Management Board Key financials i Q1-Q3 Q3 2010 Dr Margarete Haase, CFO Outlook Dr Helmut Leube,

More information

Results on Q1/2015. Conference Call. 29 April 2015. Investor Relations

Results on Q1/2015. Conference Call. 29 April 2015. Investor Relations Results on Q1/2015 Investor & Analyst Conference Call 29 April 2015 Investor Relations Agenda. 1. Review Q1/2015 2. Financials Q1/2015 3. Outlook 2015 Page 2 SGL Group Investor Relations 29 April 2015

More information

Presentation annual results 2013

Presentation annual results 2013 Presentation annual results 2013 Amsterdam, 21 February 2014 René J. Takens, CEO Hielke H. Sybesma, CFO Jeroen M. Snijders Blok, COO Agenda 1. Accell Group in 2013 2. The Accell Group share 3. Financials

More information

FLETCHER BUILDING INVESTOR STRATEGY DAY

FLETCHER BUILDING INVESTOR STRATEGY DAY FLETCHER BUILDING INVESTOR STRATEGY DAY 22 May 2013 Nick Olson Chief Financial Officer Investor Strategy Day Fletcher Building May 2013 Page 2 Disclaimer This presentation contains not only a review of

More information

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability 2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth

More information

Nordex SE Conference Call Q3 2013. Frankfurt/M. November 14, 2013

Nordex SE Conference Call Q3 2013. Frankfurt/M. November 14, 2013 Nordex SE Conference Call Q3 2013 Frankfurt/M. November 14, 2013 AGENDA Speaker: Dr. Jürgen Zeschky, CEO 1. Highlights 2. Market update 3. Business performance 4. Financials 5. Outlook and guidance 6.

More information

> Wilh. Wilhelmsen ASA. Third Quarter 2011. 8th November 2011, Lysaker

> Wilh. Wilhelmsen ASA. Third Quarter 2011. 8th November 2011, Lysaker Wilh. Wilhelmsen ASA Third Quarter 211 Benedicte B. Agerup - CFO Wilh. Wilhelmsen ASA 8th November 211, Lysaker Disclaimer This presentation may contain forward- looking expectations which are subject

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross

More information

Software AG Results 1 st Quarter 2015 (IFRS, unaudited)

Software AG Results 1 st Quarter 2015 (IFRS, unaudited) Software AG Results 1 st Quarter (IFRS, unaudited) April 29, 1 Safe Harbor This presentation includes forward-looking statements based on the beliefs of Software AG management. Such statements reflect

More information

Energy Future Holdings Reports First Quarter 2013 Results

Energy Future Holdings Reports First Quarter 2013 Results News Release FOR IMMEDIATE RELEASE Energy Future Holdings Reports First Quarter 2013 DALLAS May 2, 2013 Energy Future Holdings Corp. (EFH) today reported consolidated financial results for the first quarter

More information

Q1 2016 Results Conference Call

Q1 2016 Results Conference Call Q1 2016 Results Conference Call Karim Bohn, CFO 10 May 2016 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999 immobilien@patrizia.ag www.patrizia.ag

More information

Investor and Analyst H1 2013 Conference Call

Investor and Analyst H1 2013 Conference Call Investor and Analyst H1 2013 Conference Call Essen, 14 August 2013 Bernhard Günther Chief Financial Officer Stephan Lowis Vice President Investor Relations Forward Looking Statement This presentation contains

More information

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer 1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

VERBUND AG, www.verbund.com

VERBUND AG, www.verbund.com VERBUND Analysts Day 2013 Introduction Andreas Wollein Head of Group Finance and Investor Relations VERBUND AG London, June 12, 2013 Agenda Agenda 1.10-2.10 pm Robert Slovacek, Board member VERBUND Trading

More information

2015 Results and Prospects

2015 Results and Prospects PRESS RELEASE Paris, 23 March 2016 2015 Results and Prospects Revenues: 2,579.3 million, up 3.2% EBITDA: 342.0 million, an operating margin of 13.3% 2016 Objectives: revenues close to 3 billion and an

More information

The River Devoll Project

The River Devoll Project EVN Hydropower Development in Albania The River Devoll Project Dr. Michael Laengle, CFO Agenda > EVN Overview and strategy > Albania Electricity market in SEE > The River Devoll project 2 Company profile

More information

Interim FY2009 Results 6 Months Ended 31 December 2008. Investor Presentation 9 February 2009

Interim FY2009 Results 6 Months Ended 31 December 2008. Investor Presentation 9 February 2009 Interim FY2009 Results 6 Months Ended 31 December Investor Presentation 9 February 2009 Highlights Solid operating performance EBITDA of $155m from continuing businesses first full 6 month contribution

More information

INTERIM REPORT 2013 SECOND QUARTER (Q2)

INTERIM REPORT 2013 SECOND QUARTER (Q2) INTERIM REPORT 2013 SECOND QUARTER (Q2) Summary - Revenue in the second quarter came to 432 million kroner, 39 million kroner higher than the second quarter of 2012 - Higher revenue was a result of increased

More information

Agenda. CEO s review Veli-Matti Mattila, CEO. Financial review Jari Kinnunen, CFO

Agenda. CEO s review Veli-Matti Mattila, CEO. Financial review Jari Kinnunen, CFO Agenda CEO s review Veli-Matti Mattila, CEO Financial review Jari Kinnunen, CFO CEO s review 2013 overview Q4 2013 financial and operational highlights Segment review Strategy execution Outlook for 2014

More information

2015 Investor day 2015-19 Strategic Plan New foundations for growth

2015 Investor day 2015-19 Strategic Plan New foundations for growth 2015 Investor day 2015-19 Strategic Plan New foundations for growth March 19, 2015 2015 Investor day Agenda 2014 main developments Francesco Starace CEO FY 2014 results Alberto De Paoli CFO 2015-2019 strategic

More information

Great Plains Energy. Third Quarter 2009 Earnings Presentation. October 30, 2009

Great Plains Energy. Third Quarter 2009 Earnings Presentation. October 30, 2009 Great Plains Energy Third Quarter 2009 Earnings Presentation October 30, 2009 Forward Looking Statement Statements made in this presentation that are not based on historical facts are forward-looking,

More information

Management discussion of financial results for the 6 months ended 31 December 2013

Management discussion of financial results for the 6 months ended 31 December 2013 Management discussion of financial results for the 6 months ended 31 December 2013 Financial results for the 6 months ended 31 December 2013 Key financial information 6 months ended 6 months ended Variance

More information