EnBW Has Once More Shown Strong Growth in the European Energy Market in 2001
The Third Largest German Energy Company Expects Sales and Earnings Increases to Continue
Karlsruhe. Energie Baden-Württemberg AG, or EnBW, has continued to show strong growth in the European energy market in 2001.
According to the preliminary key data released on Wednesday for fiscal year 2001, the third-largest German energy company increased its sales 34.4 percent to 7.8 billion euros (15.3 billion marks) last year. Electricity sales grew 24.9 percent compared to 2000 to 97.3 terawatt-hours, and gas sales 71.7 percent to 18.2 terawatt-hours. The number of the EnBW Group’s energy customers in 2001 was, at 4.2 million, also significantly greater than in the previous year. "EnBW will continue its active role in shaping the liberalized energy markets in 2002," said EnBW CEO Gerhard Goll.
Considering the excellent results from last year, which in many divisions were higher than the planned figures, the EnBW CEO is convinced "that we will successfully continue on the path of significant increases in sales and earnings." EnBW’s early and energetic start in the German and European energy markets, its strong customer orientation in developing products and services and the establishment of a network of both domestic and international partnerships are now bearing "the fruits of success in competition."
The number of employees of the EnBW Group in 2001 continued to grow, increasing 10,500 to 44,500 persons. This sharp increase is mainly a result of the EnBW-owned Salamander Group’s expansion into additional business fields.
Not comprehensible to EnBW are the latest accounts, according to which the planned "Vattenfall Europe AG," created by combining HEW, Bewag, Veag and LAUBAG, is supposed to take third place among German energy companies in future. For one thing, the merger of these companies has not even taken place yet, and for another thing, there are no sales or turnover numbers that could seriously lead one to such a conclusion.