VERBUND AG / Key word(s): Legal Matter/Change in Forecast
24.08.2016 10:05

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

Today, the management of VERBUND AG announced that outstanding issues at VERBUND Thermal Power GmbH & Co KG in Liqu. related to gas deliveries for the Mellach power plant are about to be resolved. The parties have agreed not to disclose the terms under which it is planned to resolve the issues.
Due to the effects of these plans to resolve the outstanding issues, VERBUND AG's management is obliged to raise the earnings outlook for 2016. Based on average water supply and wind levels in the second half of 2016, VERBUND will generate EBITDA of approximately EUR960m (previous forecast: EUR840m) and a Group result of approximately EUR370m (previous forecast: EUR270m). The 2016 adjusted Group result will remain unchanged at approximately EUR290m, as this effect is defined as a one-time measure.

For additional information please contact
Mag. Andreas Wollein
Head of Group Finance and Investor Relations
Tel.: +43(0)50313-52604
Fax: +43 (0)50313-54191
investor-relations@verbund.com


24.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---

 
Language:     English
Company:      VERBUND AG
              Am Hof 6A
              1010 Wien
              Austria
Phone:        0043-1-53113-52616
Fax:          0043-1-53113-52694
E-mail:       investor@verbund.com
Internet:     www.verbund.com
ISIN:         AT0000746409
WKN:          877738
Indices:      ATX
Listed: Wien (Amtlicher Handel / Official Market)  
End of Announcement DGAP News-Service  

---