Financial Reports

ef|fi|ci|entia <lat.>: Effectiveness based upon achieving the best possible results while utilising a minimum of resources.

Great demands call for clear strategies. Our strategy in a nutshell: growth through change, change through energy. Hydropower, our greatest asset, is becoming increasing important as a result.

Now - Electricity is momentary energy. It is generated and consumed – at a moment’s notice. What matters is how we use energy sources. Which is what we are now working on to secure the future.

The leitmotif behind this Annual Report is derived from the ancient Greek saying Panta rhei (everything flows). According to the flow theory, being is not static, but a dynamic process of constant change.

Energy - The Human Element. The power of ideas is the energy of the future in competition for the markets of tomorrow.

Discover Future. Europe is growing - so we are. In fiscal 2006, Verbund once again reported a record result, the fourth in succession.

Discover Markets. We aim to be the most profitable energy utility in Europe. We are convinced that our sustainability strategy and our most important source of energy, hydropower, will allow us to achieve this goal very quickly.

Verbund adheres to the following philosophy: act rather than react to play an active role in shaping the market. This forward-looking, innovative strategy, which has been adopted for a number of years already, has transformed the group into an extremely profitable company.

The driving force. Together we are stronger. Under this motto, Austria´s leading energy service providers are joining forces to become a big player on the European stage.