Verbund AG Class A

VER: XWBO (AUT)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€27.00	Snd	Zsgdmjmd

Verbund: Warns on 2024 Profits Because of Falling Power Prices; Shares Fairly Valued

Tancrede Fulop

Feb 9, 2024

Wide-moat Verbund has warned on its 2024 profits because of the material drop in wholesale European power prices over the last few months. We don't expect to materially change our EUR 68 fair value estimate based on conservative EUR 60/megawatt-hour midcycle power prices. Shares look fairly valued.

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