German electricity utility EnBW has reported a group net profit of E871.8 million for 2008, compared to E1.36 billion for 2007.
The company has reported adjusted group net profit of E1.09 billion for 2008, compared to E821 million for 2007.
According to the preliminary business figures for 2008, the group’s revenue rose by 10.8 per cent to € 16,305.4 million in the reporting year. Earnings before interest, taxes, depreciation and amortisation adjusted for non-operating effects (adjusted EBITDA) rose by 11.5 per cent to € 2,595.6 million.
Also adjusted earnings before interest and taxes (adjusted EBIT) improved by 14.8 per cent, reaching € 1,793.9 million. Adjusted group net profit in terms of the profit shares attributable to the equity holders of EnBW AG grew by 32.9 per cent to € 1,091.3 million.
EnBW has reported total external revenue of E16.3 billion for 2008, compared to E14.71 billion for 2007.
In the gas segment, the colder winter compared to the prior year had a positive effect on earnings in 2008, increasing adjusted EBIT by 10.5 per cent to € 192.7 million. In the energy and environmental services segment, adjusted EBIT fell by 23.2 per cent to € 100.1 million in the reporting year.
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