Business development in the fiscal year 2017

The 2017 financial year saw EnBW Energie Baden-Württemberg AG successfully achieve the planned financial turnaround. EnBW increased its operating result (adjusted EBITDA) for the first time since 2010. EnBW CEO Frank Mastiaux: “We planned to achieve the financial turnaround for 2017, and the EnBW team delivered. This is a key milestone in our company’s transformation. Not only EnBW as a whole, but each individual business segment has improved its earnings. This shows that our EnBW 2020 strategy, which remains unaltered since 2013, is delivering results. Our radical portfolio restructuring, efficiency measures and growth initiatives are taking effect and returning us to successful business performance. We are equally confident of attaining the targets we set in 2013 for 2020. And at the same time, we are laying a solid platform for new growth in existing and new markets.”