Verbund AG - Company Profile
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Verbund AG (Verbund) is an electricity utility that generates, transmits, trades, and distributes electricity. It generates electricity from renewable energy sources such as hydro, biomass, wind, and solar. The company constructs, operates and maintains power plants. It also trades electricity and gas and certificates on European exchanges. It operates an electricity transmission network through Austrian Power Grid AG and manages and controls its foreign and domestic equity interests. It provides vehicle maintenance, insurance, and facilities management services. The company operates hydropower plants in Austria and Germany. The company serves household, commercial, and agriculture customers, and traders and resellers in different countries including Germany, Romania, Austria, and others. Verbund is headquartered in Vienna, Austria.
Headquarters
Austria
Address
Am Hof 6a, Vienna, Wien, 1011
Website
www.verbund.com
Telephone
43 50 3130
No of Employees
4,536
Industry
Power
Ticker Symbol & Exchange
VER (WBAG)
Revenue (2024)
$9.0B
-2.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-20.6%
(2024 vs 2023)
Market Cap*
$11.5B
Net Profit Margin (2024)
XYZ
-18.3%
(2024 vs 2023)
* As of and is in US$
Verbund AG premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Electricity Transmission |
| Electricity | Electricity Trading |
| Gas Supply and Trading | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In July, the company launched V-Go charging app in Austria. |
| 2026 | Contracts/Agreements | In January, the company signed a three-year contract with Lanxess for the supply of 200,000 MWh of Bavarian hydropower to German production sites in Bergkamen, Bitterfeld, Brunsbuttel, Mannheim, and Wietmarschen. |
| 2026 | Contracts/Agreements | In January, the company and Nordex Group sign multi-year framework agreement for supply of wind turbines totaling 700 MW |
Competitor Comparison
| Key Parameters | Verbund AG | Enel SpA | Iberdrola SA | RWE AG | Fortum Corp |
|---|---|---|---|---|---|
| Headquarters | Austria | Italy | Spain | Germany | Finland |
| City | Vienna | Roma | Bilbao | Essen | Espoo |
| State/Province | Wien | - | Vizcaya | Rheinland-Pfalz | - |
| No. of Employees | 4,536 | 61,544 | 45,339 | 19,969 | 2,053 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Strugl | Chief Executive Officer | Senior Management | 2019 | 63 |
| Peter F. Kollmann | Chief Financial Officer | Senior Management | 2014 | 64 |
| Achim Kaspar | Chief Operating Officer | Senior Management | 2019 | 61 |
| Susanna Zapreva-Hennerbichler | Chief Renewables Officer | Senior Management | 2024 | 53 |
| Martin Ohneberg | Chairman | Non Executive Board | 2019 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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