VERBUND AG Reports Decreased Q1 2026 Earnings Amid Challenging Conditions

VERBUND AG faced significant obstacles in Q1 2026, as poor water supply and declining sales prices caused financial results to drop. EBITDA decreased by 26.1% to €534.6 million compared to the previous year, and group result fell by 32.0% to €269.8 million. These declines were influenced by a hydro coefficient of 0.78, 22 percentage points below the long-term average, affecting generation from hydropower plants.

Generation from wind and photovoltaic sources increased year-on-year, yet was still below planned expectations. Despite improved performance in the Sales segment, overall earnings suffered due to lower sales prices, notably impacting the Hydro and New renewables segments. An earnings forecast for 2026 has been adjusted, with expected EBITDA between €2,100 million and €2,500 million and a Group result between €1,000 million and €1,200 million.