Business divisions and ratios
Verbund has business relations in more than 20 countries, as well as 13 offices and/or equity interests throughout Europe and one in Turkey. In fiscal 2008, Verbund recorded the best result of its history so far: with around 2,500 employees, the company achieved a turnover of more than 3.7 billion Euro, an EBIT of more than 1.1 billion Euro and a group result of just under 686 million Euro.
Shareholder structure
- 51% Republic of Austria
- > 25% Syndicate of EVN and Wiener Stadtwerke
- > 5% TIWAG (regional energy supplier of the state of Tyrol)
- < 20% free float
Trading
Within the Verbund Group, electricity trading constitutes the interface between generation, sales and wholesale market. More than half of the power sales are executed abroad, outside Austria. Verbund is active in more than 20 countries, the largest sales markets being Germany, France and Italy. Trade is conducted on all major European stock exchanges. Moreover, utilities and industrial large customers are supplied with energy; green energy and certificates are traded.
Sales
Effective July 2005, Verbund has been active in the area of direct power sales on the deregulated Austrian market. In addition to household and commercial customers, Verbund has also been supplying the Austrian industry since the beginning of 2006 with energy (market share of 25%). By the end of 2009, Verbund had been supplying some 220,000 end customers with electricity, which makes Verbund the fifth largest end customer provider in Austria.
Participating/equity interests
Verbund is actively involved in the major electricity markets of Europe and Turkey, mainly in connection with local partners. In Italy, Verbund has a 44.8 percent share in the power company Sorgenia, which was founded as a joint venture with the CIR Group in 1999 under the name of Energia. In France, Verbund holds a 44.8 percent share in energy provider Poweo, founded in 2004. In Turkey, Verbund has had a 50 percent share in energy provider EnerjiSA since 2007, established in 1996 by Sabanci Holding, which holds the remaining 50 percent. Since 2008, all of Verbund's foreign equity interests and projects are bundled in Verbund-International GmbH. Verbund's domestic interests, as in KELAG, for example, are administered by the Group Holding company.
- 46% Poweo, France
- 45% Sorgenia, Italy
- 50% EnerjiSA, Turkey
- 100% Energji Ashta, Albania
Subsidiaries
Verbund AG has a majority share in Verbund Hydro Power AG (80,34%), as well as in Verbund Thermal Power GmbH & Co KG (55,66%). Various subsidiaries are wholly owned; this includes Austrian Power Grid AG, Verbund Trading AG, Verbund Sales GmbH, Verbund International GmbH, Verbund Management Service GmbH, Verbund Telekom GmbH and Verbund Renewable Power GmbH.
Since 2004, Verbund has had its own art collection, "Sammlung Verbund", consisting of contemporary international artworks from 1970 until today. In 2009, Verbund, together with Caritas Austria, launched an electric assistance fund, which is fed with 1 Euro per private customer per year. This fund is intended to support people with below-average incomes by way of interim financial assistance, as well as energy consultations. The Verbund subsidiary VERBUND-Tourismus GmbH is the Group's "advertising agency", promoting its power plants as well as the adjacent areas (Kaprun, Maltatal, Zillertal) as attractive destinations for excursions.
Green and sustainability notes
On 1 April 2021, Verbund came to market with EUR 500 million in 20-year 'green and sustainability-linked notes' (often colloqusalised: 'green sustainability linkers'), a synthesis of a green and sustainability-linked bond and one of few in the market.[5] The expectation is that this structure allows investors to target funding towards environmentally-friendly projects while incentivising issuers to ensure institution-level sustainability alignment.[6] Some researchers have argued that, when sufficiently calibrated, green sustainability linkers can be a gold standard in green debt architecture, credibly tethering issuers to a science-aligned transition path.[7]
