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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
According to the forecast, the Karlsruhe-based energy company EnBW was able to increase its earnings last year by more than half compared to 2022. Germany's third-largest utility had stated the...
STUTTGART, Germany -German regional utility EnBW on Wednesday joined rivals in forecasting lower profits for 2024 citing an expected fall in power prices.... -March 27, 2024 at 08:31 am EDT - MarketScreener
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