Societe Generale launches coverage of VERBUND share

7/11/2005Wien

The investment bank Societe Generale published today the initial coverage of VERBUND, initiating a strong Buy recommendation with an upside target of 250 euros.

The company has substantially strengthened its position on the European energy market and is successfully expanding step by step outside of the domestic market.

In addition, the excellent positioning is supported by strong fundamental data, so Societe Generale is expecting continued sturdy growth of results and strong cash flow generation.