EnBW AG improved its earnings considerably during 2001
Gerhard Goll: 'Our excellent rating is reflected in our annual accounts'
During 2001, EnBW Energie Baden-Wuerttemberg AG improved its Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) by more than 50% from 675 to around 1.020 million euro. 'Our excellent rating is reflected in our annual accounts', commented EnBW's Executive Chairman Gerhard Goll on the key data from the provisional consolidated accounts for 2001, which were published in Karlsruhe on Wednesday.
The positive profit trend confirmed EnBW's expectations. The EnBW Group's annual earnings increased in accordance with the provisional figures by around 50% from 179 to around 270 million euro. Turnover rose during the previous year by around 34% from 5.8 to 7.8 billion euro. EnBW will submit and explain the final figures for the business year 2001 at its balance-sheet press conference on 5 March 2002.
ots Original Text Service: EnBW Energie Baden-Wuerttemberg AG