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    <label xlink:label="label_verbundag_ifrs-fullEnergyExpense_Verbose" id="verbundag_ifrs-fullEnergyExpense_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Expenses for electricity, grid, gas an certificate procurement</label>
    <label xlink:label="label_verbundag_verbundagFuelExpensesAndOtherUsageOrRevenueDependentExpenses_Standard" id="verbundag_verbundagFuelExpensesAndOtherUsageOrRevenueDependentExpenses_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Fuel expenses and other usage-/revenue-dependent expenses</label>
    <label xlink:label="label_verbundag_ifrs-fullEmployeeBenefitsExpense_Verbose" id="verbundag_ifrs-fullEmployeeBenefitsExpense_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Personnel expenses</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherExpenseByNature_Verbose" id="verbundag_ifrs-fullOtherExpenseByNature_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other operating expenses</label>
    <label xlink:label="label_verbundag_ifrs-fullGainsLossesOnChangeInFairValueOfDerivatives_Verbose" id="verbundag_ifrs-fullGainsLossesOnChangeInFairValueOfDerivatives_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Measurement and recognition of energy derivatives</label>
    <label xlink:label="label_verbundag_verbundagEBITDA_Standard" id="verbundag_verbundagEBITDA_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">EBITDA</label>
    <label xlink:label="label_verbundag_verbundagEBITDA_Total" id="verbundag_verbundagEBITDA_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">EBITDA</label>
    <label xlink:label="label_verbundag_ifrs-fullDepreciationAndAmortisationExpense_Verbose" id="verbundag_ifrs-fullDepreciationAndAmortisationExpense_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Depreciation and amortisation</label>
    <label xlink:label="label_verbundag_ifrs-fullImpairmentLoss_Verbose" id="verbundag_ifrs-fullImpairmentLoss_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Impairment losses</label>
    <label xlink:label="label_verbundag_ifrs-fullReversalOfImpairmentLoss_Verbose" id="verbundag_ifrs-fullReversalOfImpairmentLoss_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Reversal of impairment losses</label>
    <label xlink:label="label_verbundag_ifrs-fullProfitLossFromOperatingActivities_Verbose" id="verbundag_ifrs-fullProfitLossFromOperatingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Profit (loss) from operating activities</label>
    <label xlink:label="label_verbundag_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Verbose" id="verbundag_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Result from interests accounted for using the equity method</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_Verbose" id="verbundag_ifrs-fullOtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other result from equity interests</label>
    <label xlink:label="label_verbundag_ifrs-fullRevenueFromInterest_Verbose" id="verbundag_ifrs-fullRevenueFromInterest_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Interest income</label>
    <label xlink:label="label_verbundag_ifrs-fullInterestExpense_Verbose" id="verbundag_ifrs-fullInterestExpense_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Interest expenses</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherFinanceIncomeCost_Verbose" id="verbundag_ifrs-fullOtherFinanceIncomeCost_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other financial result</label>
    <label xlink:label="label_verbundag_verbundagReversalOfImpairmentLossesFinancialResult_Standard" id="verbundag_verbundagReversalOfImpairmentLossesFinancialResult_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reversals of impairment losses</label>
    <label xlink:label="label_verbundag_ifrs-fullFinanceIncomeCost_Verbose" id="verbundag_ifrs-fullFinanceIncomeCost_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Financial result</label>
    <label xlink:label="label_verbundag_ifrs-fullFinanceIncomeCost_Total" id="verbundag_ifrs-fullFinanceIncomeCost_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Financial result</label>
    <label xlink:label="label_verbundag_ifrs-fullProfitLossBeforeTax_Verbose" id="verbundag_ifrs-fullProfitLossBeforeTax_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Profit (loss) before tax</label>
    <label xlink:label="label_verbundag_ifrs-fullIncomeTaxExpenseContinuingOperations_Verbose" id="verbundag_ifrs-fullIncomeTaxExpenseContinuingOperations_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Taxes on income</label>
    <label xlink:label="label_verbundag_ifrs-fullProfitLoss_Verbose" id="verbundag_ifrs-fullProfitLoss_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Profit (loss)</label>
    <label xlink:label="label_verbundag_ifrs-fullProfitLossAttributableToOwnersOfParent_Verbose" id="verbundag_ifrs-fullProfitLossAttributableToOwnersOfParent_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Attributable to shareholders of VERBUND AG (Group result)</label>
    <label xlink:label="label_verbundag_ifrs-fullProfitLossAttributableToNoncontrollingInterests_Verbose" id="verbundag_ifrs-fullProfitLossAttributableToNoncontrollingInterests_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Attributable to non-controlling interests</label>
    <label xlink:label="label_verbundag_ifrs-fullBasicEarningsLossPerShare_Verbose" id="verbundag_ifrs-fullBasicEarningsLossPerShare_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Ergebnis je Aktie in €</label>
    <label xlink:label="label_verbundag_ifrs-fullDilutedEarningsLossPerShare_Verbose" id="verbundag_ifrs-fullDilutedEarningsLossPerShare_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Earnings per share in €</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Remeasurement of the net defined benefit liability</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Changes in financial instruments</label>
    <label xlink:label="label_verbundag_ifrs-fullShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Verbose" id="verbundag_ifrs-fullShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other comprehensive income from interests accounted for using the equity method</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total other comprehensive income that will not be reclassified to profit or loss, before tax</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Foreign exchange differences</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxCashFlowHedges_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTaxCashFlowHedges_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Changes in cash flow hedges</label>
    <label xlink:label="label_verbundag_ifrs-fullShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_Verbose" id="verbundag_ifrs-fullShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other comprehensive income from interests accounted for using the equity method</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total other comprehensive income that will be reclassified to profit or loss, before tax</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTax_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncomeBeforeTax_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total other comprehensive income, before tax</label>
    <label xlink:label="label_verbundag_ifrs-fullIncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_Verbose" id="verbundag_ifrs-fullIncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Taxes on income relating to items that will not be reclassified subsequently to the income statement</label>
    <label xlink:label="label_verbundag_ifrs-fullIncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_Verbose" id="verbundag_ifrs-fullIncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Taxes on income relating to items that will be reclassified subsequently to the income statement</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherComprehensiveIncome_Verbose" id="verbundag_ifrs-fullOtherComprehensiveIncome_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total other comprehensive income</label>
    <label xlink:label="label_verbundag_ifrs-fullComprehensiveIncome_Verbose" id="verbundag_ifrs-fullComprehensiveIncome_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total comprehensive income</label>
    <label xlink:label="label_verbundag_ifrs-fullComprehensiveIncomeAttributableToOwnersOfParent_Verbose" id="verbundag_ifrs-fullComprehensiveIncomeAttributableToOwnersOfParent_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Attributable to shareholders of VERBUND AG (Group result)</label>
    <label xlink:label="label_verbundag_ifrs-fullComprehensiveIncomeAttributableToNoncontrollingInterests_Verbose" id="verbundag_ifrs-fullComprehensiveIncomeAttributableToNoncontrollingInterests_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Attributable to non-controlling interests</label>
    <label xlink:label="label_AssetsAbstract" id="AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Assets</label>
    <label xlink:label="label_NoncurrentAssetsAbstract" id="NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Non-current assets</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncurrentAssets_Verbose" id="verbundag_ifrs-fullNoncurrentAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total non-current assets</label>
    <label xlink:label="label_verbundag_ifrs-fullIntangibleAssetsAndGoodwill_Verbose" id="verbundag_ifrs-fullIntangibleAssetsAndGoodwill_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Intangible assets</label>
    <label xlink:label="label_verbundag_ifrs-fullPropertyPlantAndEquipment_Verbose" id="verbundag_ifrs-fullPropertyPlantAndEquipment_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Property, plant and equipment</label>
    <label xlink:label="label_verbundag_ifrs-fullRightofuseAssets_Verbose" id="verbundag_ifrs-fullRightofuseAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Right-of-use assets</label>
    <label xlink:label="label_verbundag_ifrs-fullInvestmentAccountedForUsingEquityMethod_Verbose" id="verbundag_ifrs-fullInvestmentAccountedForUsingEquityMethod_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Interests accounted for using the equity method</label>
    <label xlink:label="label_verbundag_verbundagOtherEquityInterests_Standard" id="verbundag_verbundagOtherEquityInterests_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other equity interests</label>
    <label xlink:label="label_verbundag_verbundagInvestmentsAndOtherReceivables_Standard" id="verbundag_verbundagInvestmentsAndOtherReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Investments and other receivables</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncurrentDerivativeFinancialAssets_Verbose" id="verbundag_ifrs-fullNoncurrentDerivativeFinancialAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Receivables from derivative financial instruments</label>
    <label xlink:label="label_verbundag_ifrs-fullDeferredTaxAssets_Verbose" id="verbundag_ifrs-fullDeferredTaxAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Deferred tax assets</label>
    <label xlink:label="label_CurrentAssetsAbstract" id="CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Current assets</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentAssets_Verbose" id="verbundag_ifrs-fullCurrentAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total current assets</label>
    <label xlink:label="label_verbundag_ifrs-fullInventories_Verbose" id="verbundag_ifrs-fullInventories_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Inventories</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentTaxAssetsCurrent_Verbose" id="verbundag_ifrs-fullCurrentTaxAssetsCurrent_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Current tax receivables</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentDerivativeFinancialAssets_Verbose" id="verbundag_ifrs-fullCurrentDerivativeFinancialAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Receivables from derivative financial instruments</label>
    <label xlink:label="label_verbundag_ifrs-fullTradeAndOtherCurrentReceivables_Verbose" id="verbundag_ifrs-fullTradeAndOtherCurrentReceivables_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Trade receivables, other receivables and securities</label>
    <label xlink:label="label_verbundag_ifrs-fullCashAndCashEquivalents_Verbose" id="verbundag_ifrs-fullCashAndCashEquivalents_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash and cash equivalents</label>
    <label xlink:label="label_verbundag_ifrs-fullAssets_Verbose" id="verbundag_ifrs-fullAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total assets</label>
    <label xlink:label="label_EquityAndLiabilitiesAbstract" id="EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Equity and liabilities</label>
    <label xlink:label="label_EquityAbstract" id="EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Equity</label>
    <label xlink:label="label_verbundag_ifrs-fullEquity_Verbose" id="verbundag_ifrs-fullEquity_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total equity</label>
    <label xlink:label="label_verbundag_ifrs-fullEquityAttributableToOwnersOfParent_Verbose" id="verbundag_ifrs-fullEquityAttributableToOwnersOfParent_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Attributable to shareholders of VERBUND AG</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncontrollingInterests_Verbose" id="verbundag_ifrs-fullNoncontrollingInterests_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Attributable to non-controlling interests</label>
    <label xlink:label="label_NoncurrentLiabilitiesAbstract" id="NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Non-current liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncurrentLiabilities_Verbose" id="verbundag_ifrs-fullNoncurrentLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total non-current liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullLongtermBorrowings_Verbose" id="verbundag_ifrs-fullLongtermBorrowings_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Financial liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncurrentProvisions_Verbose" id="verbundag_ifrs-fullNoncurrentProvisions_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Provisions</label>
    <label xlink:label="label_verbundag_ifrs-fullDeferredTaxLiabilities_Verbose" id="verbundag_ifrs-fullDeferredTaxLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Deferred tax liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncurrentDeferredIncomeOtherThanNoncurrentContractLiabilities_Verbose" id="verbundag_ifrs-fullNoncurrentDeferredIncomeOtherThanNoncurrentContractLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Building contributions and government grants</label>
    <label xlink:label="label_verbundag_ifrs-fullNoncurrentDerivativeFinancialLiabilities_Verbose" id="verbundag_ifrs-fullNoncurrentDerivativeFinancialLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Liabilities from derivative financial instruments</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherNoncurrentLiabilities_Verbose" id="verbundag_ifrs-fullOtherNoncurrentLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other liabilities</label>
    <label xlink:label="label_CurrentLiabilitiesAbstract" id="CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Current liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentLiabilities_Verbose" id="verbundag_ifrs-fullCurrentLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total current liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_Verbose" id="verbundag_ifrs-fullCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Financial liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentProvisions_Verbose" id="verbundag_ifrs-fullCurrentProvisions_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Provisions</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentTaxLiabilitiesCurrent_Verbose" id="verbundag_ifrs-fullCurrentTaxLiabilitiesCurrent_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Current tax liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullCurrentDerivativeFinancialLiabilities_Verbose" id="verbundag_ifrs-fullCurrentDerivativeFinancialLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Liabilities from derivative financial instruments</label>
    <label xlink:label="label_verbundag_ifrs-fullTradeAndOtherCurrentPayables_Verbose" id="verbundag_ifrs-fullTradeAndOtherCurrentPayables_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Trade payables and current other liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullEquityAndLiabilities_Verbose" id="verbundag_ifrs-fullEquityAndLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Total equity and liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Verbose" id="verbundag_ifrs-fullAdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Depreciation of property, plant and equipment and of right-of-use assets and amortisation of intangible assets (net of impairment losses and reversals of impairment losses)</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForImpairmentLossesReversalOfImpairmentLossesRecognisedInProfitOrLossFinancialAssets_Verbose" id="verbundag_ifrs-fullAdjustmentsForImpairmentLossesReversalOfImpairmentLossesRecognisedInProfitOrLossFinancialAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Impairment losses on investments (net of reversals of impairment losses)</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_Verbose" id="verbundag_ifrs-fullAdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Result from interests accounted for using the equity method (net of dividends received)</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_Verbose" id="verbundag_ifrs-fullAdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Result from the disposal of non-current assets</label>
    <label xlink:label="label_verbundag_verbundagChangeInNoncurrentProvisionsAndDeferredTaxLiabilities_Standard" id="verbundag_verbundagChangeInNoncurrentProvisionsAndDeferredTaxLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change non-current provisions and deferred tax liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForIncreaseDecreaseInDeferredIncomeOtherThanContractLiabilities_Verbose" id="verbundag_ifrs-fullAdjustmentsForIncreaseDecreaseInDeferredIncomeOtherThanContractLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in contributions to building costs and grants</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherAdjustmentsForNoncashItems_Verbose" id="verbundag_ifrs-fullOtherAdjustmentsForNoncashItems_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other non-cash expenses and income</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Verbose" id="verbundag_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Subtotal</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Total" id="verbundag_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Subtotal</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForDecreaseIncreaseInInventories_Verbose" id="verbundag_ifrs-fullAdjustmentsForDecreaseIncreaseInInventories_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in inventories</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_Verbose" id="verbundag_ifrs-fullAdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in trade receivables and other receivables</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForIncreaseDecreaseInTradeAndOtherPayables_Verbose" id="verbundag_ifrs-fullAdjustmentsForIncreaseDecreaseInTradeAndOtherPayables_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in trade payables and other liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets_Verbose" id="verbundag_ifrs-fullAdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in non-current and current receivables from derivative financial instruments</label>
    <label xlink:label="label_verbundag_ifrs-fullAdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities_Verbose" id="verbundag_ifrs-fullAdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in non-current and current liabilities from derivative financial instruments</label>
    <label xlink:label="label_verbundag_verbundagChangeInCurrentProvisionsAndCurrentTaxLiabilities_Standard" id="verbundag_verbundagChangeInCurrentProvisionsAndCurrentTaxLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change in current provisions and current tax liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInOperatingActivities_Verbose" id="verbundag_ifrs-fullCashFlowsFromUsedInOperatingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash flow from operating activities</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" id="verbundag_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flow from operating activities</label>
    <label xlink:label="label_verbundag_ifrs-fullPurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Verbose" id="verbundag_ifrs-fullPurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash outflow from capital expenditure for intangible assets and property, plant and equipment</label>
    <label xlink:label="label_verbundag_ifrs-fullPurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Total" id="verbundag_ifrs-fullPurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash outflow from capital expenditure for intangible assets and property, plant and equipment</label>
    <label xlink:label="label_verbundag_ifrs-fullProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Verbose" id="verbundag_ifrs-fullProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash inflow from the disposal of intangible assets and property, plant and equipment</label>
    <label xlink:label="label_verbundag_ifrs-fullPurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_Verbose" id="verbundag_ifrs-fullPurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash outflow from capital expenditure for investments</label>
    <label xlink:label="label_verbundag_ifrs-fullProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_Verbose" id="verbundag_ifrs-fullProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash inflow from the disposal of investments</label>
    <label xlink:label="label_verbundag_ifrs-fullOtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Verbose" id="verbundag_ifrs-fullOtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash outflow from capital expenditure for interests accounted for using the equity method and other equity interests</label>
    <label xlink:label="label_verbundag_verbundagCashInflowFromMoneyMarketInvestments_Standard" id="verbundag_verbundagCashInflowFromMoneyMarketInvestments_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash inflow from money market investments</label>
    <label xlink:label="label_verbundag_verbundagCashOutflowFromMoneyMarketInvestments_Standard" id="verbundag_verbundagCashOutflowFromMoneyMarketInvestments_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash outflow from money market investments</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInInvestingActivities_Verbose" id="verbundag_ifrs-fullCashFlowsFromUsedInInvestingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash flow from investing activities</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInInvestingActivities_Total" id="verbundag_ifrs-fullCashFlowsFromUsedInInvestingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flow from investing activities</label>
    <label xlink:label="label_verbundag_verbundagCashInflowFromMoneyMarketFundings_Standard" id="verbundag_verbundagCashInflowFromMoneyMarketFundings_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash inflow from money market transactions</label>
    <label xlink:label="label_verbundag_verbundagCashOutflowFromMoneyMarketFundings_Standard" id="verbundag_verbundagCashOutflowFromMoneyMarketFundings_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash outflow from money market transactions</label>
    <label xlink:label="label_verbundag_verbundagProceedsFromTheAssumptionOfFinancialLiabilitiesExcludingMoneyMarketTransactions_Standard" id="verbundag_verbundagProceedsFromTheAssumptionOfFinancialLiabilitiesExcludingMoneyMarketTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash inflow from the assumption of financial liabilities (excluding money market transactions)</label>
    <label xlink:label="label_verbundag_verbundagCashOutflowFromTheRepaymentOfFinancialLiabilitiesExcludingMoneyMarketTransactions_Standard" id="verbundag_verbundagCashOutflowFromTheRepaymentOfFinancialLiabilitiesExcludingMoneyMarketTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash outflow from the repayment of financial liabilities (excluding money market transactions)</label>
    <label xlink:label="label_verbundag_ifrs-fullPaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Verbose" id="verbundag_ifrs-fullPaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash outflow from the repayment of lease liabilities</label>
    <label xlink:label="label_verbundag_ifrs-fullDividendsPaidClassifiedAsFinancingActivities_Verbose" id="verbundag_ifrs-fullDividendsPaidClassifiedAsFinancingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Dividends paid</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInFinancingActivities_Verbose" id="verbundag_ifrs-fullCashFlowsFromUsedInFinancingActivities_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Cash flow from financing activities</label>
    <label xlink:label="label_verbundag_ifrs-fullCashFlowsFromUsedInFinancingActivities_Total" id="verbundag_ifrs-fullCashFlowsFromUsedInFinancingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flow from financing activities</label>
    <label xlink:label="label_verbundag_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Verbose" id="verbundag_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Change in cash and cash equivalents</label>
    <label xlink:label="label_verbundag_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Total" id="verbundag_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Change in cash and cash equivalents</label>
    <label xlink:label="label_verbundag_ifrs-fullDividendsPaid_Verbose" id="verbundag_ifrs-fullDividendsPaid_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Dividend</label>
    <label xlink:label="label_verbundag_ifrs-fullIncreaseDecreaseThroughTransfersAndOtherChangesEquity_Verbose" id="verbundag_ifrs-fullIncreaseDecreaseThroughTransfersAndOtherChangesEquity_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Other changes in equity</label>
    <label xlink:label="label_verbundag_ifrs-fullIncreaseDecreaseThroughOtherContributionsByOwners_Verbose" id="verbundag_ifrs-fullIncreaseDecreaseThroughOtherContributionsByOwners_Verbose" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en">Shift between shareholder groups</label>
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