VERBUND annual results for 2017
(World News Austria)

The income trend in financial year 2017 showed that, after adjusting for non-recurring effects, EBITDA was up 0.6% to EUR899.7m and the Group result up 8.8% to EUR354.5m. This increase is due primarily to significantly higher revenue from flexible products, particularly congestion management, the successful restructuring of thermal operations and the effects of the programmes implemented in recent years to reduce costs and increase efficiency. By contrast, the lower water supply, a slight decrease in average sales prices achieved for own generation from hydropower and a much lower result for the Grid segment had adverse effects. Compared with the previous year, measurement-related non-recurring...