May 08, 2019 / 08:00AM GMT
Operator
Dear ladies and gentlemen, welcome to the conference call on the Quarter 1 2019 Results of VERBUND AG. At our customer's request, this conference will be recorded. (Operator Instructions) May I now hand you over to Peter Kollmann, who will lead you through the conference. Please go ahead, sir.
Peter F. Kollmann - VERBUND AG - CFO & Member of the Executive Board
Thank you. I'm here with Andreas Wollein. Let us welcome you to the presentation of VERBUND for the first quarter 2019, and let me thank you for joining today's conference call.
Before we move into the analysis of the business development of VERBUND, let me make a few general comments about the first quarter. The year 2019 started very well for VERBUND. We were positively impacted by increasing contract prices for electricity and the hydro coefficient far above the long-term average. Key figures reflect this favorable energy market and operative environments. VERBUND's low-cost base and the restructuring efforts of the past have supported this positive development. The strategic positioning
Q1 2019 Verbund AG Earnings Call Transcript
Feb 14, 2024
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