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EnBW Energie Baden Württemberg : maintains stable course in first quarter of 2024
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Power price dip hits EnBW earnings
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After a big plus last year, the Karlsruhe-based energy company EnBW is expecting a decline in earnings in 2024 due to falling sales prices. Even though the new EnBW CEO Georg Stamatelopoulos counts.
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 Karlsruhe-based co
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