$KTN (-0,58%)
$ZAL (+0,27%)
$VER (-1,42%) all companies that I would like to have back in my portfolio.

Even though I $KTN (-0,58%) Kontron $ZAL (+0,27%) Zalando and $VER (-1,42%) Verbund still have potential. With the drop in prices, capital can soon be deployed more profitably. I also expect a backlash from the EU and all other affected countries in the next few days, which could result in another downward jolt.

According to the motto that only realized profits are real profits, I am waiting to see what happens over the next few days...

@Epi I need an insider tip on when would be a good time to top up your certificate😅

$VER (-1,42%) Verbund has many pumped storage power plants, the "peak electricity" can be sold easily and at a high price when others urgently need electricity, or bought at a negative price when others have too much electricity.

Since this YT short was just shown to me, and I am a Verbund shareholder, I didn't want to withhold this fun from you on Saturday evening 🤣

https://youtube.com/shorts/I8_KUQqhv_A?si=-brHqt9ivcOanVS2

PS: Years ago, a German business magazine once wrote "The Austrians are popping the champagne corks twice"

Enjoy the weekend!

$NU (+4,84%) 10.1€ circa

$VER (-1,42%) 68,95€ circa

$COLO B (+0,57%) 106..... and thus the 4 Danish value.

$VER (-1,42%)
@MichiAT Since you can't insert pictures in the comments yet, here are the chart pictures of why I see the current level as a good start.

Over a short time horizon, the level around €71 has always been a level where buyers have found each other again

If you look a little further back, apart from brief outliers to the downside, a lower level has not often been reached. The GLD 50, 100 and 200 are above the current price.

🔮 But I also have keine🤷🏽‍♂️

If my position of 125 shares wasn't already quite large, I would add to it again.

PS: Greetings to @Smudeo who always has his eye on the pearls from Austria 👍

Verbund Q3 2024 $VER (-1,42%)

Financial results

• Turnover: Total revenue for Q1-3 2024 amounted to EUR 5,837.6 million, a decrease of 40.4% compared to Q1-3 2023.
• EBITDA: Reported and adjusted EBITDA for Q1-3 2024 amounted to EUR 2,625.2 million, a decrease of 26.0% compared to the previous year.
• Group result: Consolidated net income for Q1-3 2024 amounted to EUR 1,387.2 million, a decrease of 30.0%.

Balance sheet overview

• Total assets: Decreased by 3% from EUR 19,485 million as at 31.12.2023 to EUR 18,837 million as at 30.9.2024.
• Equity: Decreased by 5% to 10,693 million euros.
• Net debt: Increased by 35% to 2,370 million euros.

Details of the income statement

• Turnover from electricity sales: Decreased by 3,607.5 million euros to 4,940.7 million euros.
• Grid turnover: Decreased by 374.2 million euros to 678.8 million euros.
• Other operating income: Increased by 36.0 million euros to 103.8 million euros.

Cash flow overview

• Operating cash flow: Decreased by 44% to 2,333 million euros.
• Free cash flow after dividends: Was negative at -392.5 million euros, compared to 1,475 million euros in Q1-3 2023.

Key figures and profitability metrics

• Gearing ratio: Increased from 15.7% to 22.2%.
• Earnings per share: Decreased from 5.70 euros to 3.99 euros.

Segment information

• Hydropower segment: Sales fell by 25.1% to 2,686.7 million euros, EBITDA fell by 26.9% to 2,276.3 million euros.
• Grid segment: EBITDA decreased from 413.7 million euros to 257.3 million euros.
• Sales segment: EBITDA improved due to lower procurement costs, despite weaker results from energy derivatives.

Competitive position

The company is focusing on the expansion of battery storage systems and e-mobility projects, with a capacity of 110 MW in operation and further projects of over 400 MW in development.

Forecasts and management comments

• Forecast for 2024: EBITDA is expected to be between EUR 3,200 million and EUR 3,400 million, with consolidated net income of around EUR 1,700 million to EUR 1,800 million.

Opportunities and risks

• Risks: These include the volatility of electricity and gas prices, regulatory changes and possible project delays.
• Opportunities: An improved water supply and higher income from direct marketing contributed positively to the results.

Positive aspects

• Improved contribution from the sales segment due to lower procurement costs.
• Increasing production from wind, PV and thermal plants.
• Successful management of hydropower projects without major restrictions.
• Positive financial contribution from KELAG.
• Expansion of battery storage systems and e-mobility projects.

Negative aspects

• Significant decline in total revenue and EBITDA.
• Negative free cash flow after dividends.
• Increase in net debt by 35%.
• Weaker contribution from the grid segment.
• Decline in electricity and grid income.

A belated Merry Christmas and a few impressions from yesterday. #bierchallange
#winterchallenge

If you take a closer look, you can see the dam wall of Austria's most beautiful pumped-storage power plant from the $VER (-1,42%) . Subjectively a much better company than $UKW (+2,47%) 😋

$UKW (+2,47%)
$VER (-1,42%) ⚡

What FM is to some people, Verbund is to me. For me, the dividend is less interesting than the chart, but to each his own, both have a right to exist.🤷‍♂️

What the two companies have in common is basically wind and renewable energies in general. A little background information on electricity trading should be of interest to investors in both companies.

For the tl:dr group, the last paragraph is also sufficient - this may have an impact on the dividends!

What does energy procurement on the futures and spot market actually look like?😲🤑

Electricity exchanges work like a stock exchange, i.e. electricity is offered by producers and demanded by consumers (suppliers, companies).

The exchange price for the electricity is determined by the last power plant whose bid is used to meet demand. This so-called marginal power plant is always the most expensive. The model is called merit order and this "last price" is also called the market clearing price, as supply and demand are balanced at this price, i.e. the market is cleared.

The merit order principle is a key concept in the electricity market. It states that electricity generators must pay a price based on their variable costs enter the market in ascending order. The cheapest generators, usually renewables such as wind and solar, are switched on first as they have lower operating costs. If demand increases, more expensive generators such as gas-fired power plants or coal-fired power plants are brought in.

In practice, this means that the most expensive electricity producer determines the unit price. This means that buyers on the exchange cannot benefit from cheaper renewable energies. They always pay the price of the most expensive power plant.

For renewable electricity producers such as $UKW (+2,47%) and $VER (-1,42%) themselves, however, this is an advantage because their revenue is usually higher than their production costs, which in the best case can fuel further investments or even mean "excess profits". These are not used for investments, but are distributed as bonuses or dividends. distributed as bonuses or dividends and thus withdrawn from the market.💰💰💰

The EU Commission wants to reform the reform the European electricity marketbut the merit order principle is not up for discussion. Instead - according to the proposal - there should be a so-called bilateral contract for difference (CfD) should be introduced. This caps the prices for renewable electricity producers both downwards (EEG feed-in tariff) and upwards. In this way, the excess profits from electricity trading are to be passed on to customers... investors will not necessarily be happy.

PS: The picture is from the most beautiful 😀 pumped storage power plant of Verbund AG - especially for @Altior_mons 🚀

$STR (-0,16%) Strabag SE

After taking positions on my Austrian favorites again in the last few days $OMV (-0,72%) and $VER (-1,42%) another favorite is slowly entering the buy zone.

Let's see what else happens in December 🧐 ...as soon as the 36 mark is reached, I'll buy 💸😂

@7Trader
@California_Dreamin What do you think of Strabag and Mr. Haselsteiner's investments?