May 12, 2021 / 12:30PM GMT
Operator
Dear, ladies and gentlemen, welcome to the conference call 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 this conference. Please go ahead, sir.
Peter F. Kollmann - VERBUND AG - CFO & Member of the Executive Board
Thank you. Ladies and gentlemen, Andreas Wollein and I would like to welcome you to our presentation for the first quarter '21. And I would like to thank you for joining today's conference call.
Before we move into analysis of our business developments, I'd like to make a few general comments about the first quarter. The year '21 started well for VERBUND with relevant energy market conditions improving despite COVID-19. Electricity wholesale prices improved above all due to rising prices for CO2 certificates. And of course, the strong commitment from EU member states towards a comprehensive decarbonization of our energy system.
As I said, COVID-19 had no detrimental effect on our strategy and on the
Q1 2021 Verbund AG Earnings Call Transcript
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