EnBW Energie Baden-Württemberg AG sustained its positive earnings trend despite challenging operating conditions throughout the 2018 financial year.
With a workforce of 21,775 (+2%), EnBW generated revenue of some 20.62 billion euros, marking a decrease of 6.2% on the previous year (21.97 billion euros). The change in revenue performance is solely attributable to first-time application of a new financial reporting standard and has no impact on earnings. The operating result (adjusted EBITDA) was 2.16 billion euros, up 2.1% on the previous year and thus within the 0-5% guidance range for the year.
EnBW Energie Baden-Württemberg AG closed the first nine months of the 2018 financial year with a slight year-on-year increase in earnings.
With a workforce of 21,502 (+1.0%), EnBW generated revenue of some 17.40 billion euros (+13.4%) and an operating result (adjusted EBITDA) of some 1.57 million euros. This corresponds to 3.3% earnings growth compared with the same period a year earlier. At the same time, EnBW has once again confirmed its full-year guidance of 0% to 5% growth in the operating result compared with 2017.
EnBW continues to deliver positive earnings performance. In the first half of 2018, EnBW Energie Baden-Württemberg AG, with 21,397 employees (+0.3%), generated revenue of some 11.56 billion euros (+10.4%) and an operating result (adjusted EBITDA) of some 1.14 million euros.
This marks earnings growth of 6.4% in the first half year compared with the same period of the previous year (EUR 1.07 million). The first-half results are thus slightly ahead of the guidance for the full year, which is for an 0 to 5% increase in the operating result compared with the previous year; this guidance is nonetheless once again confirmed.
EnBW has made a good start to the new year: In the first quarter of 2018 EnBW AG generated revenue of some 6.3 billion euros and an operating result (adjusted EBITDA) of some 687 million euros. This marks a rise of 33.7% for the first quarter compared with the same period of the previous year (EUR 513 million).