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Company type | Aktiengesellschaft |
---|---|
WBAG: VER | |
Industry | Utilities |
Founded | 1947 |
Headquarters | Vienna, Austria |
Key people | Michael Strugl (CEO), Martin Ohneberg (Chairman of the supervisory board) |
Products | Electricity generation, distribution, trading and wholesale, renewable energy |
Revenue | €10.346 billion (2022)[1] |
€2.626 billion (2022)[1] | |
€1.717 billion (2022)[1] | |
Total assets | €19.157 billion (2022)[1] |
Total equity | €8.323 billion (2022)[1] |
Number of employees | 3,516 (average, 2022)[1] |
Website | www.verbund.com |
Verbund AG,[2] formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest[3] electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from hydro power. In addition, Verbund operates the supraregional power grid through its subsidiary APG. Verbund AG is listed on the Vienna Stock Exchange and in the ATX, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the Republic of Austria.[4]