Verbund

TECO 2030 Signs Supply Frame Agreement with Chemgas Shipping

Thursday, October 14, 2021 - 10:02am

LYSAKER, NORWAY / ACCESSWIRE / October 14, 2021 / Norwegian maritime cleantech company TECO 2030 ASA (OTCQB:TECFF) has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping BV.

Key Points: 
  • LYSAKER, NORWAY / ACCESSWIRE / October 14, 2021 / Norwegian maritime cleantech company TECO 2030 ASA (OTCQB:TECFF) has signed a supply frame agreement with the Dutch shipowner Chemgas Shipping BV.
  • Chemgas Shipping plans to install fuel cell modules from TECO 2030 on up to 120 transport barges and between 40-60 tugboats.
  • "We are thrilled that Chemgas Shipping has chosen to cooperate with TECO 2030 on this ambitious and important project, and that we have now been able to progress from a letter of intent to a supply frame agreement," says Tore Enger, CEO of TECO 2030 ASA.
  • "The economic potential of this framework agreement is large for TECO 2030 and may lead to revenues of up to 150 million Euros over the next three to eight years," Enger adds.

DGAP-News: EVN AG: Business development in the first three quarters of 2020/21

Thursday, August 26, 2021 - 7:01am

Revenue recorded by the EVN Group rose by 12.0% year-on year to EUR 1,788.5m in the first three quarters of 2020/21.

Key Points: 
  • Revenue recorded by the EVN Group rose by 12.0% year-on year to EUR 1,788.5m in the first three quarters of 2020/21.
  • The average number of employees equalled 7,133 in the first three quarters of 2020/21 (previous year: 6,999 employees).
  • EBITDA recorded by the EVN Group totalled EUR 655.1m in the first three quarters of 2020/21 and was 27.5% higher than the previous year.
  • EVN recorded an increase of 2.6% in EBIT to EUR 291.9m in the first three quarters of 2020/21.

DGAP-News: VERBUND AG: Results for quarters 1-2/2021: positive income trend due to higher sales prices and first-time consolidation of Gas Connect Austria GmbH

Thursday, July 29, 2021 - 8:00am

The Group's long-term positioning across all segments fits seamlessly with the energy sector's increasingly ambitious decarbonisation goals within the EU and in Austria.

Key Points: 
  • The Group's long-term positioning across all segments fits seamlessly with the energy sector's increasingly ambitious decarbonisation goals within the EU and in Austria.
  • These positive developments in the energy market environment will greatly benefit VERBUND's business model.
  • VERBUND is ideally positioned in this environment as a hydropower producer with an increasing share of new renewables.
  • The first-time consolidation of Gas Connect Austria GmbH also resulted in a positive contribution to earnings.

DGAP-News: VERBUND AG: Results for quarter 1/2021: earnings down slightly due to lower water supply

Wednesday, May 12, 2021 - 7:01am

This favourable development underpins VERBUND's business model and will allow us to implement an ambitious and sustainable investment programme over the next three years.

Key Points: 
  • This favourable development underpins VERBUND's business model and will allow us to implement an ambitious and sustainable investment programme over the next three years.
  • VERBUND shares ended quarter 1/2021 trading at \xe2\x82\xac62.0, down 11.2% compared with year-end 2020.\nVERBUND's earnings figures for quarter 1/2021 were down slightly, due mainly to a year-on-year drop in production of electricity from hydropower attributable to a lower water supply.
  • Generation from annual storage power plants also decreased substantially in quarter 1/2021 due to market conditions.
  • Financial effects from the planned acquisition of the 51% stake in Gas Connect Austria GmbH are not included in this earnings forecast.

DGAP-News: VERBUND AG: announcement of a cooperation with Visiolar GmbH to develop photovoltaic projects in Germany with a capacity of up to 2,000 MW

Tuesday, April 27, 2021 - 11:02am

b"The issuer is solely responsible for the content of this announcement.\nThe management of VERBUND AG hereby announces the start of a cooperation between VERBUND AG and Visiolar GmbH.

Key Points: 
  • b"The issuer is solely responsible for the content of this announcement.\nThe management of VERBUND AG hereby announces the start of a cooperation between VERBUND AG and Visiolar GmbH.
  • Potsdam-based Visiolar is part of the Lindhorst Group, a group of companies of many years' standing with experience in the agricultural sector, which operates in the German state of Lower Saxony.
  • It is envisaged that the projects will be progressively developed, constructed and put into operation in the coming years.
  • The implementation of these projects will also establish VERBUND as a major player in the field of solar power in its core market Germany.\n"

VERBUND AG: Innovative EU taxonomy aligned "Green and Sustainability-linked Bond" was successfully placed

Thursday, March 25, 2021 - 1:00pm

The 20-year, senior unsecured Bond was met with high market demand and was placed within the international and national institutional investor base.The 500m bond was oversubscribed several times.

Key Points: 
  • The 20-year, senior unsecured Bond was met with high market demand and was placed within the international and national institutional investor base.The 500m bond was oversubscribed several times.
  • Investors with a focus on sustainability were given much preferential treatment in the allocation process and represented more than 90% of the final order book.
  • The strong demand from green investors allowed setting the coupon at 0.90%, which, considering the long tenor, confirms the confidence investors place in VERBUND.
  • VERBUND plans to use the proceeds exclusively for "green" projects that comply with the VERBUND Green Financing Framework.

VERBUND AG: Innovative EU taxonomy aligned "Green and Sustainability-linked Bond" was successfully placed

Thursday, March 25, 2021 - 10:55am

The 20-year, senior unsecured Bond was met with high market demand and was placed within the international and national institutional investor base.The 500m bond was oversubscribed several times.

Key Points: 
  • The 20-year, senior unsecured Bond was met with high market demand and was placed within the international and national institutional investor base.The 500m bond was oversubscribed several times.
  • Investors with a focus on sustainability were given much preferential treatment in the allocation process and represented more than 90% of the final order book.
  • The strong demand from green investors allowed setting the coupon at 0.90%, which, considering the long tenor, confirms the confidence investors place in VERBUND.
  • VERBUND plans to use the proceeds exclusively for "green" projects that comply with the VERBUND Green Financing Framework.

DGAP-News: VERBUND AG: Innovative EU taxonomy aligned 'Green and Sustainability-linked Bond' was successfully placed

Thursday, March 25, 2021 - 9:00am

Austria's leading utility and long-standing pioneer in green finance VERBUND has achieved another milestone in its sustainable finance track record, with its newly launched Green and Sustainability-linked Bond (the "Bond").

Key Points: 
  • Austria's leading utility and long-standing pioneer in green finance VERBUND has achieved another milestone in its sustainable finance track record, with its newly launched Green and Sustainability-linked Bond (the "Bond").
  • The 20-year, senior unsecured Bond was met with high market demand and was placed within the international and national institutional investor base.
  • The strong demand from green investors allowed setting the coupon at 0.90%, which, considering the long tenor, confirms the confidence investors place in VERBUND.
  • VERBUND plans to use the proceeds exclusively for "green" projects that comply with the VERBUND Green Financing Framework.

DGAP-News: VERBUND AG: Austria's leading company in the energy transition creates a novelty in the bond market and issues the first EU taxonomy aligned 'Green and Sustainability-linked Bond'

Monday, March 22, 2021 - 10:01am

This communication constitutes neither an offer of securities for sale nor a solicitation of an offer to purchase securities.

Key Points: 
  • This communication constitutes neither an offer of securities for sale nor a solicitation of an offer to purchase securities.
  • This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation.
  • Austria's leading utility and international green finance pioneer VERBUND is planning to add another chapter to its successful sustainability story.
  • Peter F. Kollmann, CFO, VERBUND AG: "With the envisaged VERBUND Green & Sustainability-Linked Bond, we continue to contribute to a green energy future with another innovative financing tool issued by VERBUND.

DGAP-News: VERBUND AG: 2020 annual results: encouraging business performance despite COVID-19 crisis

Wednesday, March 17, 2021 - 8:01am

Financial year 2020 was very encouraging in spite of the COVID-19 crisis.

Key Points: 
  • Financial year 2020 was very encouraging in spite of the COVID-19 crisis.
  • In 2020, the COVID-19 crisis led to a rapid deterioration of the overall energy market in which VERBUND operates.
  • In the wake of this downturn in the first half of 2020, the energy market environment started to improve again from mid-2020.
  • Its market capitalisation of 24.3bn as at 31 December 2020 made VERBUND the highest-valued company on the Vienna Stock Exchange.