VERBUND AG Company Description

VERBUND AG, together with its subsidiaries, generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company generates hydro, wind, and thermal power, as well as engages in the trading and sales activities.

It also offers battery storage, photovoltaic, and flexible storage systems. In addition, the company trades in and sells gas to participants in energy exchange markets, traders, and household customers; provides energy-related services; and operates electricity transmission network, as well as operates gas transmission pipeline and distribution network.

As of December 31, 2024, it operated hydropower plants with a capacity of 8,468 megawatts (MW); wind farms with a capacity of 874 MW; solar power with a capacity of 308 MW; and two thermal power plants.

The company was founded in 1947 and is headquartered in Vienna, Austria.

VERBUND AG

Country	Austria
Founded	1947
Industry	Utilities - Renewable
Sector	Utilities
Employees	4,424
CEO	Michael Strugl

Contact Details

Address: Am Hof 6a Vienna, Vienna 1010 Austria
Phone	43 50 313 0
Website	verbund.com

Stock Details

Ticker Symbol	VER
Exchange	Vienna Stock Exchange
Fiscal Year	January - December
Reporting Currency	EUR
ISIN Number	AT0000746409
SIC Code	4911

Key Executives

Name	Position
Dr. Michael Strugl M.B.A.	Chief Executive Officer and Chairman of Executive Board
Dr. Peter F. Kollmann	Chief Financial Officer and Vice Chairman of the Executive Board
Dr. Achim Kaspar	Chief Operating Officer and Member of Executive Board
Dr. Susanna Zapreva-Hennerbichler	Chief Renewables Officer and Member of Executive Board
Andreas Wollein	Head of Group Finance and Investor Relations