Key Figures

 

EnBW group		2010	2009	Variance %
Revenue
Electricity generation and trading	€ millions	4,817.0	2,357.5	104.3
Electricity grid and sales	€ millions	10,192.7	10,031.3	1.6
Gas	€ millions	1,788.1	2,453.1	-27.1
Energy and environmental services	€ millions	711.2	722.3	-1.5
External revenue, total	€ millions	17,509.0	15,564.2	12.5
Adjusted EBITDA	€ millions	2,837.8	2,615.3	8.5
EBITDA	€ millions	3,279.8	2,748.2	19.3
Adjusted EBIT	€ millions	1,932.6	1,793.9	7.7
EBIT	€ millions	2,117.0	1,889.3	12.1
Adjusted Group net profit1	€ millions	987.8	879.1	12.4
Group net profit1	€ millions	1,170.5	768.2	52.4
Earnings per share from adjusted group net profit1	€	4.04	3.60	12.2
Earnings per share from group net profit1	€	4.79	3.15	52.1
Cash flow from operating activities	€ millions	2,560.9	2,443.4	4.8
Free cash flow2	€ millions	1,060.1	1,292.1	-18.0
Recognised net financial liabilities3	€ millions	5,641.3	5,812.2	-2.9
Capital expenditure	€ millions	2,327.9	4,374.1	-46.8
Return on capital employed (ROCE)4	%	14.5	15.5	-6.5
Weighted average cost of capital (WACC) before tax	%	9.0	9.3	-3.2
Average capital employed4	€ millions	15,119.7	13,559.7	11.5
Value added4	€ millions	831.6	840.7	-1.1

¹ In relation to the profit shares attributable to the equity holders of EnBW AG.
² Free cash flow before financing.
³ Without cash and cash equivalents of the special funds and short-term investments to cover the
   pension and nuclear power provisions. Adjusted for valuation effects from interest-induced hedging
   transactions.
⁴ Prior-year figures restated.