Verbund Ag Ord (OEZVF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

With these pictures I would like to welcome you. Nice to have you here on this hot summer day in the middle of the press week. We look forward to your questions after the presentations by CEO Michael Strugl and CFO Peter Kollmann. Today for the last time with us, who is leaving us towards Bank of America. Thank you also to all media representatives who are online via the stream. We are also looking forward to your questions. Unusual. One is the topic that is currently in everyone's mouths. We are currently experiencing the driest year Since we are doing hydrological recordings, of course, this also has an impact on our results. And secondly, and Ingo Metelko has already said, this is the last time that I am standing in front of you with Peter Kollmann, After 13 years at Verbund, after 8 years where we worked together in the boardroom, of which 6 years where I as CEO bear the responsibility for the company, Peter Kollmann as my CFO has accompanied me here. Therefore, I would like to take this opportunity to thank you, Peter. We have worked very well together. I have known this very well. It is of course a pity that Peter Kollmann now leaves the company. On the other hand, he has a new challenge ahead of him, which I am also happy about. But at this point, thank you very much, Peter, for your great commitment to the company and for the good cooperation. Ladies and gentlemen, today we will show you a result and Peter will do this in detail, which is characterized by declines in the result compared to the previous year. And that basically has two reasons. One is the amount and the other is the price. Both risks have hit the result accordingly, in the result before interest rates. Prof. Prof. Prof. Prof. that our business model is also very much dependent on how quantitie...