We support our 2020 strategy with a holistic goal and performance management system. We use this system to strengthen the understanding within the Group for the interdependencies between our company results and to offer our stakeholders a transparent and comprehensive overview of the performance of our company. Since 2013, corporate management has been continually expanded through the addition of non-financial and strategic goals to now also encompass the strategy, customers and society, employees and environment dimensions. These indicators are used to measure the degree to which our goals are achieved and to guide the management of our company.
|Goal||Key performance indicator||2016||Target value in 2020|
|Secure profitability||Adjusted EBITDA in € billion||1.9||2.3 - 2.5||The operating result is to return to the average level achieved before the Energiewende. The total regulated business (Grids and Renewable Energies segments) together contributes around 70 % to this result.|
|High level of financial discipline||Internal financing capability in %||72.1||≥ 100||The level of net financial liabilities is controlled by limiting net investment to the level of retained cash flow. The Group can thus finance its own restructuring internally.|
|Raise the value of the Group||ROCE in %||7.8||8.5 - 11||Return on capital employed (ROCE) is higher than the cost of capital. EnBW is creating value for its stakeholders.|