VERBUND AG — Earnings Release 2004

Feb 16, 2005

News Details

Ad-hoc | 16 February 2005 10:00

Österreichische Elektrizitätswirtschafts AG: Annual results 2004

Österreichische Elektrizitätswirtschafts AG: Annual results 2004 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ Highlights: – Most successful business year in the company’s history – Taking advantage of the strongly increased European wholesale prices in market price-indexed electricity supply contracts – Aggressive growth in neighbouring electricity markets – Expansion of the successful commitment in Italy, one of the most attractive electricity markets in Europe, by increasing the shareholding in Energia S.p.A. from 26.6 % to 38.5 % – Outstanding share price development: performance +77.0 % – Sales revenues boosted by 24 % due to higher sales in the European core markets and rising wholesale prices – Operating result up by 20 % – Group result increased by 18 % despite high positive one-off effects in 2003, earnings per share up from EUR 6.51 to EUR 7.64 – Dividend per share rose by 50 % to EUR 3.00 – Net gearing improved from 165 % to 134 % because of continued deleveraging Key data (IFRS) (EUR million) Sales revenues 3,078.0 + 24.2 % Operating result (EBIT) 385.5 + 19.9 % Group result 235.4 + 17.7 % Net Gearing 134.3 + 18.6 % For further information see the online annual report under http://www.verbund.at/ Österreichische Elektrizitätswirtschafts AG Am Hof 6A 1010 Wien Austria ISIN: AT0000746409 WKN: 074640 Listed: Amtlicher Handel in Wien; Amtlicher Markt (General Standard) in Frankfurt; Freiverkehr in Berlin-Bremen und Stuttgart End of ad hoc announcement (c)DGAP 16.02.2005 161000 Feb 05