Nov 05, 2020 / 09:30AM GMT
Operator
Dear ladies and gentlemen, welcome to the conference call of VERBUND AG. At our customers' request, this conference will be recorded. (Operator Instructions)
May I now hand you over to Peter Kollmann, who will lead you through this conference. Please go ahead, sir.
Peter F. Kollmann - VERBUND AG - CFO & Member of the Executive Board
Thank you. Ladies and gentlemen, let me welcome you to our presentation for the first 3 quarters. And let me thank you for joining today's conference call. I hope you are all well and healthy.
Before we move into the analysis of the business development, let me make a few general comments about the first 3 quarters, 2020. Despite the challenges and consequences of the COVID-19 crisis, including the reduction in electricity demand, VERBUND is able to present a good set of results for the first 3 quarters. Improved profitability, a lower level of debt. The strong commitment of the EU member states towards rapid decarbonization of the energy system supports our solid business model and our focus on electricity
Q3 2020 Verbund AG Earnings Call Transcript
Feb 14, 2024
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