Business development January to March 2019
EnBW has made a good start to the new 2019 financial year. With a workforce of 21,773, the company generated revenue of some 6.67 billion euros and an operating result (adjusted EBITDA) of some 723 million euros in the first quarter of 2019. This marks a rise of 5.3% year-on-year (Q1 2018: approximately 687 million euros). The increase in earnings is mainly due to the good performance of the Grids and the Renewable Energies segments. EnBW has confirmed its earnings guidance for the full year 2019. Adjusted EBITDA for the 2019 financial year is expected to be in a range between 2.35 and 2.5 billion euros, which is 9% to 16% percent above the previous year.
Thomas Kusterer, Chief Financial Officer EnBW