VERBUND AG Company Description
VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers.
The company operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company provides generation from hydropower; generation from wind power, photovoltaic systems and flexible storage; and trading and sales activities related to battery storage systems.
The company also operates hydropower plants with a capacity of 8,468megawatts (MW); wind farms with a capacity of 874 MW; solar power with a capacity of 308 MW; and two thermal power plants.
In addition, the company owns and operates an electricity transmission network, and a gas transmission pipeline and distribution network in Austria, as well as trades and sells gas.
VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria.

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 |