Energy producer with a big plus

Thanks to good business, not least with gas and coal, the Karlsruhe-based energy group EnBW achieved an exceptionally high result last year. This was reported by the Deutsche Presse-Agentur. Adjusted earnings before interest, taxes, depreciation and amortization rose by a good 60 percent to 6.37 billion euros, according to Group figures. However, a decline to between 4.6 billion and 5.2 billion euros is expected for this financial year. According to CFO Thomas Kusterer, it can be assumed that the electricity generated will be sold at lower prices than in 2023. E.ON and RWE also expect a decline after a plus in 2023.