The business of the electricity company Verbund is going much better than expected in the second Corona year 2021. The group result adjusted for one-off effects should come to between 720 and 790 million euros this year, as the company announced on Tuesday via broadcast. So far, the management had assumed a range between 580 and 650 million euros.

The increase in profit expectations is essentially due to the above-average flow of water in the rivers in the third quarter, higher sales prices and higher earnings contributions from flexibility products. Further details on business development in the first three quarters of 2021 will be presented on November 4, 2021.

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