Business development in the fiscal year 2018
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.