VERBUND AG's announced that it is adjusting its earnings outlook for financial year 2017. The Group result after adjustment for non-recurring effects will rise to around EUR 350 million against previous forecast of around EUR 300 million. EBITDA is expected to be around EUR 920 million against previous forecast of around EUR 830 million. Group result reported are expected to be around EUR 300 million against previous forecast of around EUR 320 million. The upward revision to the EBITDA forecast to around EUR 920 million is due mainly to water supply in fourth quarter of 2017 being above average, a better result in the Grid segment, the programmes to reduce costs and increase efficiency and a higher contribution from flexibility products. These factors also resulted in an improvement in the Group result after adjustment for non-recurring effects to around EUR 350 million.