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German energy firm EnBW ups earnings by 60%; decline expected in 2024

EnBW, Germany's third-largest energy supplier, increased its operating result - or adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) - by some 60% to almost €6.4 billion ($6.9 billion) last year. The surge was mainly due to an increase in thermal generation - that is from coal and gas - and trading. Due to increased market prices and fluctuations, the electricity volumes generated were sold at significantly better conditions compared to 2022, the Karlsr...
Baden Wüberg Thomas Kusterer Andreas Schell Georg Stamatelopoulos Energy Transition Energy Supplier
Source: yahoo.com

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