Oesterreichische Elektrizitaetswirtschafts AG reported earnings results for the nine months ended September 2009. For the period, the company reported bottom-line earnings declined in the nine months to September as a result of falling electricity prices. Net profit was down 8.4% at €551.8 million ($822 million), not quite as steep as analysts had been expecting. Underlying or operating profit fell 9.3% to €802.9 million on a 7.2% drop in revenues to €2.45 billion.

Oesterreichische Elektrizitaetswirtschafts AG - Conference Presentation Calls

OBB-Infrastruktur Bau, or Austrian Railways, and Oesterreichische Elektrizitaetswirtschafts AG have agreed to renew their power supply contract for another five years. From the beginning of 2010, a total of 4.4TWh of domestic hydroelectric power will be supplied to OBB-Infrastruktur Bau until 2014. This means that, besides OBB's own power generation, Verbund will remain its main supplier of railway electricity, thus contributing essentially towards electro-mobility in public transport.