Close Download image Back to top

Reporting

All information and publications

Download image
Next Event: 27 March 2024

Reporting 12M 2023

Time
Event
Downloads
Time
09:00 a.m. (CET)
Event
Publication Integrated Annual Report 2023
Downloads
Time
10:30 a.m. (CET)
Event
Press Conference with
  • Dr. Georg Stamatelopoulos, CEO
  • Thomas Kusterer, Deputy CEO and CFO
Downloads
Time
03:00 p.m. (CET)
Event
Investor and Analyst Conference with
  • Dr. Georg Stamatelopoulos, CEO
  • Thomas Kusterer, Deputy CEO and CFO
  • Marcel Münch, SVP Finance, M&A and Investor Relations
Downloads
13 November 2023

Reporting 9M 2023

Our good earnings in the first nine months secures our growth investments in the accelerated implementation of the energy transition. In particular, we will invest into the expansion of renewables, the grid infrastructure and charging infrastructure for electric vehicles and climate-friendly, low-carbon dispatchable generation.

Thomas Kusterer, Deputy CEO and CFO

Figures 9M 2023

Download image
Adjusted EBITDA
0 m
Download image
Adjusted Group net profit
0 m
Download image
Retained Cashflow
0 m
Download image
Net debt
0 m
Download image
Share of adjusted EBITDA: €225 m
Smart Infrastructure for Customers

Lower seasonality in procurement prices than in the previous year

Churn rates in electricity and gas sales below previous year‘s level

Negative one-off effect from deconsolidation of bmp0A green gas supply and sales company within EnBW group and associated write-downs of receivables

Lower gas sales volumes due to milder weather and savings behavior

Share of adjusted EBITDA: €1,428 m
System Critical Infrastructure

Significant growth in revenues from grid usage as a result of increased investments in grid expansion

Higher grid usage revenue compared with 2022 due to higher revenue caps in 2023, as the planned expenses for grid reserve and redispatch in 2023 are fully priced into the revenue cap

Share of adjusted EBITDA: €3,465 m
Sustainable Generation Infrastructure

Renewable Energies

Positive earnings trend for run-of-river electricity generation

280 MW expansion of wind farms and photovoltaics portfolio

Falling prices in the direct marketing of volumes generated from wind and photovoltaic

Thermal Generation and Trading

Significantly higher prices for generation sold in advance

Negative effects from the curtailment and termination of gas supplies in 2022 no longer apply

Less electricity produced at GKN II0Nuclear power plant Neckarwestheim block II due to final nuclear shutdown and outage of coal-fired power station HLB 70Heilbronn combined heat and power plant block 7

less more

Outlook 2023 on Group level revised due to very strong financial performance in 9M

Download image
EnBW Outlook 9M 2023
in € bn

Performance indicators of the EnBW Group

in € million
01/01-30/09/2023
01/01-30/09/2022
Change in %
01/01-31/12/2022
in € million
External revenue
01/01-30/09/2023
34,654.9
01/01-30/09/2022
39,453.8
Change in %
-12.2
01/01-31/12/2022
56,002.6
in € million
Adjusted EBITDA0The figures for the previous year have been restated.
01/01-30/09/2023
4,921.1
01/01-30/09/2022
2,989.5
Change in %
64.6
01/01-31/12/2022
3,967.1
in € million
Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
01/01-30/09/2023
224.6 / 4.6
01/01-30/09/2022
304.7 / 10.2
Change in %
-26.3 / –
01/01-31/12/2022
498.4 / 12.6
in € million
Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
01/01-30/09/2023
1,428.2 / 29.0
01/01-30/09/2022
959.9 / 32.1
Change in %
48.8 / –
01/01-31/12/2022
1,057.8 / 26.7
in € million
Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
01/01-30/09/2023
3.,464.7 / 70.4
01/01-30/09/2022
1,899.7 / 32.1
Change in %
82.4 / –
01/01-31/12/2022
2,616.2 / 65.9
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
01/01-30/09/2023
-196.4 / -4.0
01/01-30/09/2022
-174.8 / -5.8
Change in %
-12.4 / –
01/01-31/12/2022
-205.3 / -5.2
in € million
EBITDA
01/01-30/09/2023
5,664.6
01/01-30/09/2022
1,612.0
Change in %
01/01-31/12/2022
4,473.2
in € million
Adjusted EBIT0The figures for the previous year have been restated.
01/01-30/09/2023
3,685.0
01/01-30/09/2022
1,806.8
Change in %
104.0
01/01-31/12/2022
2,351.9
in € million
EBIT
01/01-30/09/2023
4,039.5
01/01-30/09/2022
333.5
Change in %
01/01-31/12/2022
2,141.2
in € million
Adjusted Group net profit0The figures for the previous year have been restated.0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-30/09/2023
2,360.3
01/01-30/09/2022
1,104.8
Change in %
113.6
01/01-31/12/2022
1,413.1
in € million
Group net profit/loss0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-30/09/2023
2,516.9
01/01-30/09/2022
163.2
Change in %
01/01-31/12/2022
1,738.0
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-30/09/2023
9.29
01/01-30/09/2022
0.60
Change in %
01/01-31/12/2022
6.42
in € million
Retained cash flow0The figures for the previous year have been restated.
01/01-30/09/2023
3,174.3
01/01-30/09/2022
2,527.7
Change in %
25.6
01/01-31/12/2022
3,216.5
in € million
Net cash investment
01/01-30/09/2023
2,327.5
01/01-30/09/2022
1,540.1
Change in %
51.1
01/01-31/12/2022
2,767.7
in € million
30/09/2023
31/12/2022
Change in %
in € million
Net debt
30/09/2023
11,238.0
31/12/2022
10,847.0
Change in %
3.6

Financial and strategic performance indicators

30/09/2023
30/09/2022
Change in %
31/12/2022
Employees0Number of employees excluding apprentices/trainees and inactive employees.0The number of empolyees for the ITOs (ONTRAS Gastransport GmbH, terranets bw GmbH und TransnetBW GmbH) is only updated at the end of the year; for intervals of less than a year, the number of employees from 31/12/2022 is carried forward.
30/09/2023
28,064
30/09/2022
26,427
Change in %
6.2
31/12/2022
26,980
Employee equivalents0Converted into full-time equivalents.
30/09/2023
26,415
30/09/2022
24,820
Change in %
6.4
31/12/2022
25,339

Employees

less more
11 August 2023

Reporting 6M 2023

We will continue using our operating earnings to accelerate the implementation of the energy transition. As Germany’s only integrated energy company, we have a special responsibility in this regard. We maintain a keen focus on the key factors involved in the energy transition and are investing simultaneously in the expansion of renewable energy, dispatchable capacity and the grids.

Thomas Kusterer, CFO

Downloads

Media conference call
11 August 2023, 10:00 a.m. (CEST)
Investor and analyst conference call
11 August 2023, 1:00 p.m. (CEST)

Recording

Figures 6M 2023

Download image
Adjusted EBITDA
0 m
Download image
Adjusted Group net profit
0 m
Download image
Retained Cashflow
0 m
Download image
Net debt
0 m
Download image
Share of adjusted EBITDA: €21 m
Smart Infrastructure for Customers

Charges of €251 m from deconsolidation of an indirect gas supply company and associated write-downs of receivables

Lower gas sales volumes due to milder weather and savings behavior (B2C -5%; B2B -30%)

Lower seasonality in procurement prices than in the previous year

Churn rates in electricity and gas sales below previous year‘s level

Share of adjusted EBITDA: €1,021 m
System Critical Infrastructure

Significant growth in revenues from grid usage as a result of increased investments in grid expansion

Higher grid usage revenue compared with 2022 due to higher revenue caps in 2023, as the planned expenses for grid reserve and redispatch in 2023 are fully priced into the revenue cap

Share of adjusted EBITDA: €2,607 m
Sustainable Generation Infrastructure

Renewable Energies

Positive earnings trend for run-of-river electricity generation

200 MW expansion of wind farms and photovoltaics portfolio

Falling prices in the direct marketing of volumes generated from wind and photovoltaic

Thermal Generation and Trading

Significantly higher prices for generation sold in advance

Negative effects from the curtailment and termination of gas supplies in 2022 as a result of the Russia-Ukraine war no longer apply

Less electricity produced at nuclear power station GKN II due to final shutdown as of 15 April 2023

Performance indicators of the EnBW Group

in € million
01/01-30/06/2023
01/01-30/06/2022
Change in %
01/01-31/12/2022
in € million
External revenue
01/01-30/06/2023
26,686.1
01/01-30/06/2022
27,119.5
Change in %
-1.6
01/01-31/12/2022
56,002.6
in € million
Adjusted EBITDA0The figures for the previous year have been restated.
01/01-30/06/2023
3,498.3
01/01-30/06/2022
2,123.9
Change in %
64.7
01/01-31/12/2022
3,967.1
in € million
Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
01/01-30/06/2023
20.9 / 0.6
01/01-30/06/2022
103.1 / 4.9
Change in %
-79.7 / –
01/01-31/12/2022
498.4 / 12.6
in € million
Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
01/01-30/06/2023
1,021.2 / 29.2
01/01-30/06/2022
599.5 / 28.2
Change in %
70.3 / –
01/01-31/12/2022
1,057.8 / 26.7
in € million
Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
01/01-30/06/2023
2,607.0 / 74.5
01/01-30/06/2022
1,551.5 / 73.0
Change in %
68.0 / –
01/01-31/12/2022
2,616.2 / 65.9
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
01/01-30/06/2023
-150.8 / -4.3
01/01-30/06/2022
-130.2 / -6.1
Change in %
-15.8 / –
01/01-31/12/2022
-205.3 / -5.2
in € million
EBITDA
01/01-30/06/2023
5,134.0
01/01-30/06/2022
1,642.3
Change in %
01/01-31/12/2022
4,473.2
in € million
Adjusted EBIT0The figures for the previous year have been restated.
01/01-30/06/2023
2,656.1
01/01-30/06/2022
1,346.9
Change in %
97.2
01/01-31/12/2022
2,352.0
in € million
EBIT
01/01-30/06/2023
3,920.6
01/01-30/06/2022
769.5
Change in %
01/01-31/12/2022
2,141.2
in € million
Adjusted Group net profit0The figures for the previous year have been restated.0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-30/06/2023
1,653.4
01/01-30/06/2022
806.1
Change in %
105.1
01/01-31/12/2022
1,414.5
in € million
Group net profit/loss0The figures for the previous year have been restated.0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-30/06/2023
2,525.8
01/01-30/06/2022
563.9
Change in %
01/01-31/12/2022
1,738.0
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-30/06/2023
9.33
01/01-30/06/2022
2.08
Change in %
01/01-31/12/2022
6.42
in € million
Retained cash flow
01/01-30/06/2023
2,238.0
01/01-30/06/2022
1,451.6
Change in %
54.2
01/01-31/12/2022
3,216.5
in € million
Net cash investment
01/01-30/06/2023
1,602.3
01/01-30/06/2022
1,092.9
Change in %
46.6
01/01-31/12/2022
2,767.7
in € million
30/06/2023
31/12/2022
Change in %
in € million
Net debt
30/06/2023
11,950.4
31/12/2022
10,847.0
Change in %
10.2

Financial and strategic performance indicators

Customers and society goal dimension
01/01-30/6/2023
01/01-30/6/2022
Change in %
01/01-31/12/2022
Customers and society goal dimension
EnBW/Yello Customer Satisfaction Index
01/01-30/6/2023
127 / 170
01/01-30/6/2022
139 / 166
Change in %
-8.6 / 2.4
01/01-31/12/2022
139 / 166
Customers and society goal dimension
SAIDI (electricity) in min./year
01/01-30/6/2023
5.6
01/01-30/6/2022
9.2
Change in %
-39.1
01/01-31/12/2022
16.6
Customers and society goal dimension
Employees goal dimension
Customers and society goal dimension
LTIF for companies controlled by the Group0Variations in the group of consolidated companies (all companies with more than 100 employees, excluding external agency workers and contractors, are considered). 0Companies that are fully consolidated for the first time in the course of the respective financial year were not included in the calculations for the LTIF performance indicators. Except for companies in the area of waste management.
01/01-30/6/2023
2.2
01/01-30/6/2022
2.6
Change in %
-15.4
01/01-31/12/2022
2.6
Customers and society goal dimension
LTIF overall0Variations in the group of consolidated companies (all companies with more than 100 employees, excluding external agency workers and contractors, are considered).
01/01-30/6/2023
3.1
01/01-30/6/2022
3.7
Change in %
-16.2
01/01-31/12/2022
4.1
Download image

** The values for the key performance indicators Reputation Index, People Engagement Index (PEI), “Installed output of renewable energies (RE) in GW and the share of the generation capacity accounted for by RE in %” and CO2 intensity are exclusively collected at the end of the year.

Non-financial performance indicators**

30/06/2023
30/06/2022
Change in %
31/12/2022
Employees0Number of employees excluding apprentices/trainees and inactive employees.0The number of empolyees for the ITOs (ONTRAS Gastransport GmbH, terranets bw GmbH und TransnetBW GmbH) is only updated at the end of the year; for intervals of less than a year, the number of employees from 31/12/2022 is carried forward.
30/06/2023
27,575
30/06/2022
26,312
Change in %
4.8
31/12/2022
26,980
Employee equivalents0Converted into full-time equivalents.
30/06/2023
25,932
30/06/2022
24,710
Change in %
4.9
31/12/2022
25,339

Employees

less more
12 May 2023

Reporting 3M 2023

In late March, we made the final investment decision for the construction of our 960-megawatt He Dreiht offshore wind farm with a total investment volume of around 2.4 billion euros. In addition, we plan to invest 1.6 billion euros in fuel-switch projects to convert three coal-fired power plants to gas-fired power plants in Baden-Württemberg. By doing this, we plan to completely phase out coal-fired power generation in the central Neckar region by 2026. Ultimately, by the mid-2030s, all three sites will run on green hydrogen.

Thomas Kusterer, CFO

Figures 3M 2023

Download image
Adjusted EBITDA
0 m
Download image
Adjusted Group net profit
0 m
Download image
Retained Cashflow
0 m
Download image
Net debt
0 m
Download image
Share of adjusted EBITDA: €0 m
Smart Infrastructure for Customers

Lower seasonality in procurement prices than in the previous year

Share of adjusted EBITDA: €585 m
System Critical Infrastructure

Significant growth in revenues from the use of grids as a result of increased investments in grid expansion

Share of adjusted EBITDA: €2,351 m
Sustainable Generation Infrastructure

Renewable Energies

Decreasing prices

Thermal Generation and Trading

Large valuation effects on trading transactions

Generation volumes sold in advance at significantly higher prices

Remaining volatility on gas markets used for trading

Performance indicators of the EnBW Group

in € million
01/01-31/03/2023
01/01-31/03/2022
Change in %
01/01-31/12/2022
in € million
External revenue
01/01-31/03/2023
15,971.2
01/01-31/03/2022
13,724.5
Change in %
16.4
01/01-31/12/2022
56,002.6
in € million
Adjusted EBITDA
01/01-31/03/2023
2,839.8
01/01-31/03/2022
1,185.0
Change in %
139.6
01/01-31/12/2022
3,285.7
in € million
Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
01/01-31/03/2023
-0.3 / 0.0
01/01-31/03/2022
103.3 / 8.7
Change in %
99.5 / –
01/01-31/12/2022
498.4 / 15.1
in € million
Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
01/01-31/03/2023
584.6 / 20.6
01/01-31/03/2022
360.8 / 30.5
Change in %
62.0 / –
01/01-31/12/2022
1,057.8 / 32.2
in € million
Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
01/01-31/03/2023
2,351.0 / 82.8
01/01-31/03/2022
976.6 / 82.4
Change in %
140.7 / –
01/01-31/12/2022
1,934.8 / 58.9
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
01/01-31/03/2023
-95.5 / -3.4
01/01-31/03/2022
-92,1 / -7.8
Change in %
-3.7 / –
01/01-31/12/2022
-205.3 / -6.2
in € million
EBITDA
01/01-31/03/2023
3,954.2
01/01-31/03/2022
1,351.2
Change in %
01/01-31/12/2022
4,473.2
in € million
Adjusted EBIT
01/01-31/03/2023
2,415.7
01/01-31/03/2022
801.4
Change in %
01/01-31/12/2022
1,670.5
in € million
EBIT
01/01-31/03/2023
3,530.0
01/01-31/03/2022
967.3
Change in %
01/01-31/12/2022
2,141.2
in € million
Adjusted Group net profit0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-31/03/2023
1,449.8
01/01-31/03/2022
464.2
Change in %
01/01-31/12/2022
972.6
in € million
Group net profit/loss0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-31/03/2023
2,288.6
01/01-31/03/2022
606.3
Change in %
01/01-31/12/2022
1,738.0
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
01/01-31/03/2023
8.45
01/01-31/03/2022
2.24
Change in %
01/01-31/12/2022
6.42
in € million
Retained cash flow
01/01-31/03/2023
3,083.1
01/01-31/03/2022
883.3
Change in %
01/01-31/12/2022
2,534.9
in € million
Net cash investment
01/01-31/03/2023
710.9
01/01-31/03/2022
401.8
Change in %
76.9
01/01-31/12/2022
2,767.7
in € million
31/3/2023
31/12/2022
Change in %
in € million
Net debt
31/3/2023
11,535.5
31/12/2022
10,847.0
Change in %
6.3

Financial and strategic performance indicators

31/3/2023
31/3/2022
Change in %
31/12/2022
Employees0Number of employees excluding apprentices/trainees and inactive employees.0The number of empolyees for the ITOs (ONTRAS Gastransport GmbH, terranets bw GmbH und TransnetBW GmbH) is only updated at the end of the year; for intervals of less than a year, the number of employees from 31/12/2022 is carried forward.
31/3/2023
27,326
31/3/2022
26,268
Change in %
4.0
31/12/2022
26,980
Employee equivalents0Converted into full-time equivalents.
31/3/2023
25,669
31/3/2022
24,663
Change in %
4.1
31/12/2022
25,339

Employees

less more

Archive

Reporting 2018 - 2022
All information about past publications