Reporting 6M 2024
Our half-year earnings are fully in line with our expectations. After the previous year’s exceptional performance due to the unusual market price levels, earnings have returned to normal. We continue to expect earnings in the current financial year to be in a range between €4.6 bn and €5.2 bn.
Figures 6M 2024
attributable to the shareholders of EnBW AG
as of 30.06.2024
Sustainable Generation Infrastructure
Renewable Energies
- Lower margins from pumped storage
+ New capacity additions in onshore wind and solar
+ Higher run-of-river power generation and better wind yields
Thermal Generation and Trading
- Lower realized hedged generation margins
- Lower trading results due to reduced volatility in commodity markets
System Critical Infrastructure
+ Higher earnings as a result of increased investments in grid expansion
+ Lower expenses for maintaining grid reserve and redispatch
- Higher personnel expenses
Smart Infrastructure for Customers
+ Absence of negative prior-year effect relating to deconsolidation of our subsidiary bmp greengas
- Lower sales volumes due to mild temperatures
- Restructuring of the product portfolio of our solar home storage subsidiary
Reporting 3M 2024
In the current financial year we continue to expect earnings lightly lower, in a range between €4.6 billion and €5.2 billion. The reason for this is lower revenue from the marketing of electricity generated by our power plants, due to the normalization of the market price level. However, our integrated portfolio approach means that we have a highly robust business model.
Figures 3M 2024
Attributable to the shareholders of EnBW AG
as of 31.03.2024
Sustainable Generation Infrastructure
Renewable Energies
↑ Increase in earnings from run-of-river and offshore
↓ Increased capacity due to reallocation of pumped storage assets offset by lower realized electricity
Thermal Generation and Trading
↓ Significantly lower realized hedged generation margins
↓ Lower volatility and less favorable commodity environment in the gas market
↓ Absence of income from nuclear generation
System Critical Infrastructure
↑ Positive margin effects
↑ Good grid reserve and redispatch performance
↓ Higher personnel expenses
Smart Infrastructure for Customers
↑ Lower seasonality in the purchase prices
↑ Good underlying performance, in particular from B2B at EnBW's subsidiaries