Reporting 2024 | EnBW (2024)

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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.

Thomas Kusterer, Deputy CEO and CFO

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Quarterly Statement 3M 2024 (pdf 185 kB) Investor and analyst presentation 3M 2024 (pdf 1.2 MB) Tables 3M 2024 (xls 215 kB) Press release 3M 2024 (pdf 243 kB)

Investors and analyst conference call

14 May 2024, 1:00 p.m. (CEST)

Recording

Figures 3M 2024

Adjusted EBITDA

0 m

Adjusted Group net profit

0 m

Retained cash flow

0 m

Net debt

0 m

Share of adjusted EBITDA: €798 m
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

Share of adjusted EBITDA: €574 m
System Critical Infrastructure

Positive margin effects

Good grid reserve and redispatch performance

Higher personnel expenses

Share of adjusted EBITDA: €78 m
Smart Infrastructure for Customers

Lower seasonality in the purchase prices

Good underlying performance, in particular from B2B at EnBW's subsidiaries

Confirmed outlook 2024 reflects earnings in a normalized market environment

Reporting 2024 | EnBW (1)

in € bn

Performance indicators of the EnBW Group

in € million

01/01-31/03/2024

01/01-31/03/2023

Change in %

01/01-31/12/2023

in € million

External revenue

01/01-31/03/2024

10,230.8

01/01-31/03/2023

15,971.2

Change in %

-35.9

01/01-31/12/2023

44,430.7

in € million

Adjusted EBITDA

01/01-31/03/2024

1,344.9

01/01-31/03/2023

1,755.8

Change in %

-23.4

01/01-31/12/2023

6,365.2

in € million

Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %

01/01-31/03/2024

77.8 / 5.8

01/01-31/03/2023

-0.3 / 0.0

Change in %

– / –

01/01-31/12/2023

239.5 / 3.8

in € million

Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.

01/01-31/03/2024

574.1 / 42.7

01/01-31/03/2023

584.6 / 33.3

Change in %

-1.8 / –

01/01-31/12/2023

1,772.0 / 27.8

in € million

Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.

01/01-31/03/2024

798.0 / 59.3

01/01-31/03/2023

1,267.0 / 72.1

Change in %

-37.0 / –

01/01-31/12/2023

4,647.6 / 73.0

in € million

Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %

01/01-31/03/2024

-105.0 / -7.8

01/01-31/03/2023

-95.5 / -5.4

Change in %

-9.9 / –

01/01-31/12/2023

-293.9 / -4.6

in € million

EBITDA

01/01-31/03/2024

1,827.9

01/01-31/03/2023

3,954.2

Change in %

-53.8

01/01-31/12/2023

5,738.3

in € million

Adjusted EBIT0The figures for the previous year have been restated.

01/01-31/03/2024

947.0

01/01-31/03/2023

1,331.7

Change in %

-28.9

01/01-31/12/2023

4,678.9

in € million

EBIT

01/01-31/03/2024

1,430.0

01/01-31/03/2023

3,530.0

Change in %

-59.5

01/01-31/12/2023

3,341.3

in € million

Adjusted Group net profit0The figures for the previous year have been restated.0In relation to the profit/loss attributable to the shareholders of EnBW AG.

01/01-31/03/2024

516.9

01/01-31/03/2023

712.6

Change in %

-27.5

01/01-31/12/2023

2,779.5

in € million

Group net profit/loss0In relation to the profit/loss attributable to the shareholders of EnBW AG.

01/01-31/03/2024

802.6

01/01-31/03/2023

2,288.6

Change in %

-64.9

01/01-31/12/2023

1,537.6

in € million

Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.

01/01-31/03/2024

2.96

01/01-31/03/2023

8.45

Change in %

-64.9

01/01-31/12/2023

5.68

in € million

Retained cash flow0The figures for the previous year have been restated.

01/01-31/03/2024

1,094.6

01/01-31/03/2023

1,757.8

Change in %

-37.7

01/01-31/12/2023

4,831.5

in € million

Net cash investment

01/01-31/03/2024

1,054.4

01/01-31/03/2023

710.9

Change in %

48.3

01/01-31/12/2023

2,739.8

in € million

31/3/2024

31/12/2023

Change in %

in € million

Net debt

31/3/2024

11,483.6

31/12/2023

11,703.1

Change in %

-1.9

Financial and strategic performance indicators

31/3/2024

31/3/2023

Change in %

31/12/2023

Employees0Number of employees excluding apprentices/trainees and inactive employees.0The number of empolyees for the ITOs (ONTRAS Gastransport GmbH, terranets bw GmbH und TransnetBW GmbH) is only updated at the end of the year; for intervals of less than a year, the number of employees from 31/12/2023 is carried forward.

31/3/2024

29,087

31/3/2023

27,326

Change in %

6.4

31/12/2023

28,630

Employee equivalents0Converted into full-time equivalents.

31/3/2024

27,366

31/3/2023

25,669

Change in %

6.6

31/12/2023

26,943

Employees

Download performance indicators of the EnBW Group

Day

Event

Time

Download

Day

9 August 2024

Event

Publication reporting 6M 2024

Publication Six-Monthly Financial Report 6M2024

Time

09:00 a.m. (CEST)

Download

Appointment

Media conference call 6M2024

Time

10:00 a.m. (CEST)

Download

Appointment

Investor and analyst conference call 6M2024

Time

01:00 p.m. (CEST)

Download

Appointment

Day

Event

Time

Download

Day

12 November 2024

Event

Publication reporting 9M 2024

Publication Quarterly Statement 9M2024

Time

09:00 a.m. (CET)

Download

Appointment

Investor and analyst conference call 9M2024

Time

01:00 p.m. (CET)

Download

Appointment

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