Ad hoc announcement

VERBUND AG / Keyword(s): Results Forecast/Forecast

VERBUND AG: VERBUND AG publishes outlook for 2014

Ad hoc announcement transmitted by DGAP - a company of EQS Group AG. The
issuer is solely responsible for the content of this announcement.
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VERBUND AG is publishing the outlook for financial year 2014 due to
significant deviations from the consensus in the market.
VERBUND AG's management expects the current negative market environment for
utilities in Europe to persist in 2014. This market environment is
characterised by wholesale electricity prices which continue to fall as a
result of massive overcapacity in electricity generation, an
oversubsidisation of renewable energy and a non-functioning CO2 market.
Pressure on the profitability of gas power plants will remain high.

On the basis of its current planning, the company is expecting to achieve
EBITDA of around EUR850m and a Group result of around EUR150m in financial
year 2014. The dividend planned for financial year 2014 will be based on a
payout ratio of approximately 50% of the adjusted Group result.

VERBUND AG's Executive Board will provide further information as part of
the publication of the results for 2013 on 5 March 2014.

Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor@verbund.com


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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
 
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