VERBUND AG — Earnings Release 2001

Feb 25, 2002

News Details

Ad-hoc | 25 February 2002 10:26

Österreichische Elektrizitätswirtschafts AG

Best group result in the history of the company Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– – Positioning as low cost producer of environmentally friendly hydro power – Broaden domestic business – Expand sales and trading business abroad – Strategic alliances to strengthen the core business – Improvement of profitability, yield and gearing – Sales revenues higher by 30 %, sales volumes by 40 % – Operating result improved by 5.2 % to 317 Mio. EUR because of successful sales abroad and sales to domestic business customers – Best net income ever: +38 % up to 115 Mio. EUR due to improved financial result – Operating Cash Flow increased by 16 % – Profitability (ROCE) higher than average branch bench mark: from 8.5 % to 9.6 % – Degearing: reduction of net debt by 397 Mio. EUR Sales volumes: (GWh) Domestic 23,896 + 1.5 % Abroad 31,589 + 96.3 % Total 55,485 + 39.3 % Key figures (Mio. EUR) Sales revenues 1,684.8 + 29.6 % Expenses – 1,473.0 – 38.4 % Operating result (EBIT) 316.7 + 5.2 % Profit after tax 122.7 + 137.8 % Net profit 115.3 + 38.1 % Earnings/share (EUR) 3.74 + 38.0 % end of ad-hoc-announcement (c)DGAP 25.02.2002 ——————————————————————————– WKN: 074640; ISIN: AT0000746409; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Hamburg und Stuttgart 251026 Feb 02