Reporting 12M 2023
The very good result means that we can significantly increase our investment spending to implement the energy transition over the years ahead. Our focus here is on the further expansion of renewables and of network infrastructure and on modernizing our dispatchable power plant capacity.
We consistently apply our sustainability-based corporate strategy in obtaining capital market finance. With our solid financing structure and strong balance sheet, we also have a high credit rating.
Events
Recording press conference
27 March 2024, 10:30 a.m. (CET)
Language press conference: German
Speeches press conference full year 2023 (German)
Presentation press conference full year 2023 (German)
Recording investor and analyst conference call
27 March 2024, 03:00 p.m. (CET)
Figures 12M 2023
Adjusted EBITDA
€0 m
Adjusted Group net profit
€0 m
Attributable to the shareholders of EnBW AG.
Retained cash flow
€0 m
Net debt
€0 m
as of 31.12.2023
Share of adjusted EBITDA: €4,648 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↑ Increase in earnings from run-of-river and new capacity additions in wind and solar
↓ Lower realized electricity prices from wind and solar
Thermal Generation and Trading
↑ Significantly higher hedged generation margins
↑ Absence of negative one-offs related to the curtailment and termination of gas supplies in 2022
Share of adjusted EBITDA: €1,722 m
System Critical Infrastructure
System Critical Infrastructure
↑ Higher grid revenues as a result of increased investments in grid expansion
↑ Factoring in the increased expenses for grid reserve including redispatch to maintain security of supply
Share of adjusted EBITDA: €240 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↓ Earnings marked by one-offs from deconsolidation of a green gas supply subsidiary and by events at our solar home storage subsidiary
↑ Good underlying performance (ex-one-offs), in particular from B2B business at subsidiaries
Performance indicators of the EnBW Group
|
in € million
|
2023
|
2022
|
Change in %
|
|---|---|---|---|
|
in € million
External revenue
|
2023
44,430.7
|
2022
56,002.6
|
Change in %
-20.7
|
|
in € million
TOP Adjusted EBITDA0The figures for the previous year have been restated.
|
2023
6,365.2
|
2022
3,967.1
|
Change in %
60.4
|
|
in € million
TOP Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
|
2023
239.5 / 3.8
|
2022
489.4 / 12.6
|
Change in %
-51.9 / -
|
|
in € million
TOP Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
|
2023
1,772.0 / 27.8
|
2022
1,057.8 / 26.7
|
Change in %
67.5 / -
|
|
in € million
TOP Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
|
2023
4,647.6 / 73.0
|
2022
2,616.2 / 65.9
|
Change in %
77.6 / -
|
|
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %0The figures for the previous year have been restated.
|
2023
-293.9 / -4.6
|
2022
-205.3 / -5.2
|
Change in %
-43.2 / -
|
|
in € million
EBITDA
|
2023
5,738.3
|
2022
4,473.2
|
Change in %
28.3
|
|
in € million
Adjusted EBIT0The figures for the previous year have been restated.
|
2023
4,678.9
|
2022
2,351.9
|
Change in %
98.9
|
|
in € million
EBIT
|
2023
3,341.3
|
2022
2,141.2
|
Change in %
56.0
|
|
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.
|
2023
2,779.5
|
2022
1,413.1
|
Change in %
96.7
|
|
in € million
Group net profit0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
2023
1,537.6
|
2022
1,738
|
Change in %
-11.5
|
|
in € million
EnBW share price as of 31/12
|
2023
79.20
|
2022
87.00
|
Change in %
-9.0
|
|
in € million
Earnings per share from Group net profit in €0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
2023
5.68
|
2022
6.42
|
Change in %
-11.5
|
|
in € million
Dividend per share in € / dividend payout ratio in % 0The dividend payout ratio for 2022 was calculated based on the adjusted Group net profit before the restatement of the figure for the previous year. 0For 2023, subject to approval from the ordinary Annual General Meeting on 07/05/2024.
|
2023
1.50 / 15
|
2022
1.10 / 31
|
Change in %
36.4 / -
|
|
in € million
Retained Cashflow0The figures for the previous year have been restated.
|
2023
4,831.5
|
2022
3,216.5
|
Change in %
50.2
|
|
in € million
TOP Debt repayment potential in %0The figures for the previous year have been restated.0For the calculation of the net debt and debt repayment potential, please refer to the section “The EnBW Group” of the management report.
|
2023
41.3
|
2022
29.7
|
Change in %
-
|
|
in € million
Net cash investment
|
2023
2,739.8
|
2022
2,767.7
|
Change in %
-1.0
|
|
in € million
Net debt0For the calculation of the net debt and debt repayment potential, please refer to the section “The EnBW Group” of the management report.
|
2023
11,703.1
|
2022
10,847.0
|
Change in %
7.9
|
|
in € million
Net financial debt0For the calculation of the net debt and debt repayment potential, please refer to the section “The EnBW Group” of the management report.
|
2023
7,558.2
|
2022
7,214.2
|
Change in %
4.8
|
|
in € million
Return on Capital Employed (ROCE) in %0The figures for the previous year have been restated.
|
2023
17.6
|
2022
10.9
|
Change in %
-
|
|
in € million
Weighted average cost of capital before tax in %
|
2023
7.4
|
2022
6.8
|
Change in %
-
|
|
in € million
Average capital employed
|
2023
27,310.0
|
2022
22,690.5
|
Change in %
20.4
|
|
in € million
TOP Value Spread in %0The figures for the previous year have been restated.
|
2023
10.2
|
2022
4.1
|
Change in %
-
|
Financial and strategic performance indicators
|
Customers and society goal dimension
|
2023
|
2022
|
Change in %
|
|---|---|---|---|
|
Customers and society goal dimension
TOP Reputation Index
|
2023
55
|
2022
58
|
Change in %
-5.2
|
|
Customers and society goal dimension
TOP EnBW/Yello Customer Satisfaction Index
|
2023
130 / 161
|
2022
139 / 166
|
Change in %
-6.5 / -3.0
|
|
Customers and society goal dimension
TOP SAIDI (electricity) in min/year
|
2023
19.3
|
2022
16.6
|
Change in %
16.3
|
|
Customers and society goal dimension
Environment goal dimension
| |||
|
Customers and society goal dimension
TOP Installed output of renewable energies (RE) in GW and the share of the generation capacity accounted for by RE in %
|
2023
5.7 / 46.9
|
2022
5.4 / 41.7
|
Change in %
5.6 / 12.5
|
|
Customers and society goal dimension
TOP CO₂ intensity in g/kWh0The calculation for this performance indicator does not include nuclear generation and the share of positive redispatch that cannot be controlled by EnBW. If the share of positive redispatch that cannot be controlled by EnBW is taken into account, CO₂ intensity would be 393 g/kWh for the reporting year (previous year: 508 g/kWh). CO₂ intensity including nuclear generation for the reporting year was 366 g/kWh (previous year: 401 g/kWh).
|
2023
347
|
2022
491
|
Change in %
-29.3
|
|
Customers and society goal dimension
Employees goal dimension
| |||
|
Customers and society goal dimension
TOP People Engagement Index (PEI)0Variations in the group of consolidated companies (all companies with more than 100 employees are considered [except ITOs]).
|
2023
82
|
2022
81
|
Change in %
1.2
|
|
Customers and society goal dimension
TOP LTIF for companies controlled by the Group0The LTIF for companies controlled by the Group excluding waste management and LTIF overall, which includes the area of waste management, only includes companies with more than 100 employees excluding external agency workers and contractors.0Newly fully consolidated companies are not included for a maximum transition period of three years. / LTIF overall0The LTIF for companies controlled by the Group excluding waste management and LTIF overall, which includes the area of waste management, only includes companies with more than 100 employees excluding external agency workers and contractors.
|
2023
2.4 / 3.7
|
2022
2.6 / 4.1
|
Change in %
-7.7 / -9.8
|
Non-financial performance indicators
|
31.12.2023
|
31.12.2022
|
Change in %
|
|
|---|---|---|---|
|
Employees0Number of employees excluding apprentices/trainees and inactive employees.
|
31.12.2023
28,630
|
31.12.2022
26,980
|
Change in %
6.1
|
|
Employee equivalents0Converted into full-time equivalents.
|
31.12.2023
26,943
|
31.12.2022
25,339
|
Change in %
6.3
|
Employees
13 November 2023
Reporting 9M 2023
Our good earnings in the first nine months secures our growth investments in the accelerated implementation of the energy transition. In particular, we will invest into the expansion of renewables, the grid infrastructure and charging infrastructure for electric vehicles and climate-friendly, low-carbon dispatchable generation.
Figures 9M 2023
Adjusted EBITDA
€0 m
Adjusted Group net profit
€0 m
Attributable to the shareholders of EnBW AG.
Retained Cashflow
€0 m
Net debt
€0 m
as of 30.9.2023
Share of adjusted EBITDA: €225 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↑ Lower seasonality in procurement prices than in the previous year
↑ Churn rates in electricity and gas sales below previous year‘s level
↓ Negative one-off effect from deconsolidation of bmp0A green gas supply and sales company within EnBW group and associated write-downs of receivables
↓Lower gas sales volumes due to milder weather and savings behavior
Share of adjusted EBITDA: €1,428 m
System Critical Infrastructure
System Critical Infrastructure
↑ Significant growth in revenues from grid usage as a result of increased investments in grid expansion
↑ Higher grid usage revenue compared with 2022 due to higher revenue caps in 2023, as the planned expenses for grid reserve and redispatch in 2023 are fully priced into the revenue cap
Share of adjusted EBITDA: €3,465 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↑ Positive earnings trend for run-of-river electricity generation
↑ 280 MW expansion of wind farms and photovoltaics portfolio
↓ Falling prices in the direct marketing of volumes generated from wind and photovoltaic
Thermal Generation and Trading
↑ Significantly higher prices for generation sold in advance
↑ Negative effects from the curtailment and termination of gas supplies in 2022 no longer apply
↓ Less electricity produced at GKN II0Nuclear power plant Neckarwestheim block II due to final nuclear shutdown and outage of coal-fired power station HLB 70Heilbronn combined heat and power plant block 7
Performance indicators of the EnBW Group
|
in € million
|
01/01-30/09/2023
|
01/01-30/09/2022
|
Change in %
|
01/01-31/12/2022
|
|---|---|---|---|---|
|
in € million
External revenue
|
01/01-30/09/2023
34,654.9
|
01/01-30/09/2022
39,453.8
|
Change in %
-12.2
|
01/01-31/12/2022
56,002.6
|
|
in € million
Adjusted EBITDA0The figures for the previous year have been restated.
|
01/01-30/09/2023
4,921.1
|
01/01-30/09/2022
2,989.5
|
Change in %
64.6
|
01/01-31/12/2022
3,967.1
|
|
in € million
Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
|
01/01-30/09/2023
224.6 / 4.6
|
01/01-30/09/2022
304.7 / 10.2
|
Change in %
-26.3 / –
|
01/01-31/12/2022
498.4 / 12.6
|
|
in € million
Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
|
01/01-30/09/2023
1,428.2 / 29.0
|
01/01-30/09/2022
959.9 / 32.1
|
Change in %
48.8 / –
|
01/01-31/12/2022
1,057.8 / 26.7
|
|
in € million
Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
|
01/01-30/09/2023
3.,464.7 / 70.4
|
01/01-30/09/2022
1,899.7 / 32.1
|
Change in %
82.4 / –
|
01/01-31/12/2022
2,616.2 / 65.9
|
|
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
|
01/01-30/09/2023
-196.4 / -4.0
|
01/01-30/09/2022
-174.8 / -5.8
|
Change in %
-12.4 / –
|
01/01-31/12/2022
-205.3 / -5.2
|
|
in € million
EBITDA
|
01/01-30/09/2023
5,664.6
|
01/01-30/09/2022
1,612.0
|
Change in %
–
|
01/01-31/12/2022
4,473.2
|
|
in € million
Adjusted EBIT0The figures for the previous year have been restated.
|
01/01-30/09/2023
3,685.0
|
01/01-30/09/2022
1,806.8
|
Change in %
104.0
|
01/01-31/12/2022
2,351.9
|
|
in € million
EBIT
|
01/01-30/09/2023
4,039.5
|
01/01-30/09/2022
333.5
|
Change in %
–
|
01/01-31/12/2022
2,141.2
|
|
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.
|
01/01-30/09/2023
2,360.3
|
01/01-30/09/2022
1,104.8
|
Change in %
113.6
|
01/01-31/12/2022
1,413.1
|
|
in € million
Group net profit/loss0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-30/09/2023
2,516.9
|
01/01-30/09/2022
163.2
|
Change in %
–
|
01/01-31/12/2022
1,738.0
|
|
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-30/09/2023
9.29
|
01/01-30/09/2022
0.60
|
Change in %
–
|
01/01-31/12/2022
6.42
|
|
in € million
Retained cash flow0The figures for the previous year have been restated.
|
01/01-30/09/2023
3,174.3
|
01/01-30/09/2022
2,527.7
|
Change in %
25.6
|
01/01-31/12/2022
3,216.5
|
|
in € million
Net cash investment
|
01/01-30/09/2023
2,327.5
|
01/01-30/09/2022
1,540.1
|
Change in %
51.1
|
01/01-31/12/2022
2,767.7
|
|
in € million
|
30/09/2023
|
31/12/2022
|
Change in %
|
|---|---|---|---|
|
in € million
Net debt
|
30/09/2023
11,238.0
|
31/12/2022
10,847.0
|
Change in %
3.6
|
Financial and strategic performance indicators
|
30/09/2023
|
30/09/2022
|
Change in %
|
31/12/2022
|
|
|---|---|---|---|---|
|
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 31/12/2022 is carried forward.
|
30/09/2023
28,064
|
30/09/2022
26,427
|
Change in %
6.2
|
31/12/2022
26,980
|
|
Employee equivalents0Converted into full-time equivalents.
|
30/09/2023
26,415
|
30/09/2022
24,820
|
Change in %
6.4
|
31/12/2022
25,339
|
Employees
11 August 2023
Reporting 6M 2023
We will continue using our operating earnings to accelerate the implementation of the energy transition. As Germany’s only integrated energy company, we have a special responsibility in this regard. We maintain a keen focus on the key factors involved in the energy transition and are investing simultaneously in the expansion of renewable energy, dispatchable capacity and the grids.
Figures 6M 2023
Adjusted EBITDA
€0 m
Adjusted Group net profit
€0 m
Attributable to the shareholders of EnBW AG.
Retained Cashflow
€0 m
Net debt
€0 m
as of 30.06.2023
Share of adjusted EBITDA: €21 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↓ Charges of €251 m from deconsolidation of an indirect gas supply company and associated write-downs of receivables
↓ Lower gas sales volumes due to milder weather and savings behavior (B2C -5%; B2B -30%)
↑ Lower seasonality in procurement prices than in the previous year
↑ Churn rates in electricity and gas sales below previous year‘s level
Share of adjusted EBITDA: €1,021 m
System Critical Infrastructure
System Critical Infrastructure
↑ Significant growth in revenues from grid usage as a result of increased investments in grid expansion
↑ Higher grid usage revenue compared with 2022 due to higher revenue caps in 2023, as the planned expenses for grid reserve and redispatch in 2023 are fully priced into the revenue cap
Share of adjusted EBITDA: €2,607 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↑ Positive earnings trend for run-of-river electricity generation
↑ 200 MW expansion of wind farms and photovoltaics portfolio
↓ Falling prices in the direct marketing of volumes generated from wind and photovoltaic
Thermal Generation and Trading
↑ Significantly higher prices for generation sold in advance
↑ Negative effects from the curtailment and termination of gas supplies in 2022 as a result of the Russia-Ukraine war no longer apply
↓ Less electricity produced at nuclear power station GKN II due to final shutdown as of 15 April 2023
Performance indicators of the EnBW Group
|
in € million
|
01/01-30/06/2023
|
01/01-30/06/2022
|
Change in %
|
01/01-31/12/2022
|
|---|---|---|---|---|
|
in € million
External revenue
|
01/01-30/06/2023
26,686.1
|
01/01-30/06/2022
27,119.5
|
Change in %
-1.6
|
01/01-31/12/2022
56,002.6
|
|
in € million
Adjusted EBITDA0The figures for the previous year have been restated.
|
01/01-30/06/2023
3,498.3
|
01/01-30/06/2022
2,123.9
|
Change in %
64.7
|
01/01-31/12/2022
3,967.1
|
|
in € million
Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
|
01/01-30/06/2023
20.9 / 0.6
|
01/01-30/06/2022
103.1 / 4.9
|
Change in %
-79.7 / –
|
01/01-31/12/2022
498.4 / 12.6
|
|
in € million
Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
|
01/01-30/06/2023
1,021.2 / 29.2
|
01/01-30/06/2022
599.5 / 28.2
|
Change in %
70.3 / –
|
01/01-31/12/2022
1,057.8 / 26.7
|
|
in € million
Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
|
01/01-30/06/2023
2,607.0 / 74.5
|
01/01-30/06/2022
1,551.5 / 73.0
|
Change in %
68.0 / –
|
01/01-31/12/2022
2,616.2 / 65.9
|
|
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
|
01/01-30/06/2023
-150.8 / -4.3
|
01/01-30/06/2022
-130.2 / -6.1
|
Change in %
-15.8 / –
|
01/01-31/12/2022
-205.3 / -5.2
|
|
in € million
EBITDA
|
01/01-30/06/2023
5,134.0
|
01/01-30/06/2022
1,642.3
|
Change in %
–
|
01/01-31/12/2022
4,473.2
|
|
in € million
Adjusted EBIT0The figures for the previous year have been restated.
|
01/01-30/06/2023
2,656.1
|
01/01-30/06/2022
1,346.9
|
Change in %
97.2
|
01/01-31/12/2022
2,352.0
|
|
in € million
EBIT
|
01/01-30/06/2023
3,920.6
|
01/01-30/06/2022
769.5
|
Change in %
–
|
01/01-31/12/2022
2,141.2
|
|
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.
|
01/01-30/06/2023
1,653.4
|
01/01-30/06/2022
806.1
|
Change in %
105.1
|
01/01-31/12/2022
1,414.5
|
|
in € million
Group net profit/loss0The figures for the previous year have been restated.0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-30/06/2023
2,525.8
|
01/01-30/06/2022
563.9
|
Change in %
–
|
01/01-31/12/2022
1,738.0
|
|
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-30/06/2023
9.33
|
01/01-30/06/2022
2.08
|
Change in %
–
|
01/01-31/12/2022
6.42
|
|
in € million
Retained cash flow
|
01/01-30/06/2023
2,238.0
|
01/01-30/06/2022
1,451.6
|
Change in %
54.2
|
01/01-31/12/2022
3,216.5
|
|
in € million
Net cash investment
|
01/01-30/06/2023
1,602.3
|
01/01-30/06/2022
1,092.9
|
Change in %
46.6
|
01/01-31/12/2022
2,767.7
|
|
in € million
|
30/06/2023
|
31/12/2022
|
Change in %
|
|---|---|---|---|
|
in € million
Net debt
|
30/06/2023
11,950.4
|
31/12/2022
10,847.0
|
Change in %
10.2
|
Financial and strategic performance indicators
|
Customers and society goal dimension
|
01/01-30/6/2023
|
01/01-30/6/2022
|
Change in %
|
01/01-31/12/2022
|
|---|---|---|---|---|
|
Customers and society goal dimension
EnBW/Yello Customer Satisfaction Index
|
01/01-30/6/2023
127 / 170
|
01/01-30/6/2022
139 / 166
|
Change in %
-8.6 / 2.4
|
01/01-31/12/2022
139 / 166
|
|
Customers and society goal dimension
SAIDI (electricity) in min./year
|
01/01-30/6/2023
5.6
|
01/01-30/6/2022
9.2
|
Change in %
-39.1
|
01/01-31/12/2022
16.6
|
|
Customers and society goal dimension
Employees goal dimension
| ||||
|
Customers and society goal dimension
LTIF for companies controlled by the Group0Variations in the group of consolidated companies (all companies with more than 100 employees, excluding external agency workers and contractors, are considered). 0Companies that are fully consolidated for the first time in the course of the respective financial year were not included in the calculations for the LTIF performance indicators. Except for companies in the area of waste management.
|
01/01-30/6/2023
2.2
|
01/01-30/6/2022
2.6
|
Change in %
-15.4
|
01/01-31/12/2022
2.6
|
|
Customers and society goal dimension
LTIF overall0Variations in the group of consolidated companies (all companies with more than 100 employees, excluding external agency workers and contractors, are considered).
|
01/01-30/6/2023
3.1
|
01/01-30/6/2022
3.7
|
Change in %
-16.2
|
01/01-31/12/2022
4.1
|
** The values for the key performance indicators Reputation Index, People Engagement Index (PEI), “Installed output of renewable energies (RE) in GW and the share of the generation capacity accounted for by RE in %” and CO2 intensity are exclusively collected at the end of the year.
Non-financial performance indicators**
|
30/06/2023
|
30/06/2022
|
Change in %
|
31/12/2022
|
|
|---|---|---|---|---|
|
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 31/12/2022 is carried forward.
|
30/06/2023
27,575
|
30/06/2022
26,312
|
Change in %
4.8
|
31/12/2022
26,980
|
|
Employee equivalents0Converted into full-time equivalents.
|
30/06/2023
25,932
|
30/06/2022
24,710
|
Change in %
4.9
|
31/12/2022
25,339
|
Employees
12 May 2023
Reporting 3M 2023
In late March, we made the final investment decision for the construction of our 960-megawatt He Dreiht offshore wind farm with a total investment volume of around 2.4 billion euros. In addition, we plan to invest 1.6 billion euros in fuel-switch projects to convert three coal-fired power plants to gas-fired power plants in Baden-Württemberg. By doing this, we plan to completely phase out coal-fired power generation in the central Neckar region by 2026. Ultimately, by the mid-2030s, all three sites will run on green hydrogen.
Figures 3M 2023
Adjusted EBITDA
€0 m
Adjusted Group net profit
€0 m
Attributable to the shareholders of EnBW AG.
Retained Cashflow
€0 m
Net debt
€0 m
as of 31.03.2023
Share of adjusted EBITDA: €0 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↑ Lower seasonality in procurement prices than in the previous year
Share of adjusted EBITDA: €585 m
System Critical Infrastructure
System Critical Infrastructure
↑ Significant growth in revenues from the use of grids as a result of increased investments in grid expansion
Share of adjusted EBITDA: €2,351 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↓ Decreasing prices
Thermal Generation and Trading
↑ Large valuation effects on trading transactions
↑ Generation volumes sold in advance at significantly higher prices
↑ Remaining volatility on gas markets used for trading
Performance indicators of the EnBW Group
|
in € million
|
01/01-31/03/2023
|
01/01-31/03/2022
|
Change in %
|
01/01-31/12/2022
|
|---|---|---|---|---|
|
in € million
External revenue
|
01/01-31/03/2023
15,971.2
|
01/01-31/03/2022
13,724.5
|
Change in %
16.4
|
01/01-31/12/2022
56,002.6
|
|
in € million
Adjusted EBITDA
|
01/01-31/03/2023
2,839.8
|
01/01-31/03/2022
1,185.0
|
Change in %
139.6
|
01/01-31/12/2022
3,285.7
|
|
in € million
Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %0The figures for the previous year have been restated.
|
01/01-31/03/2023
-0.3 / 0.0
|
01/01-31/03/2022
103.3 / 8.7
|
Change in %
99.5 / –
|
01/01-31/12/2022
498.4 / 15.1
|
|
in € million
Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %0The figures for the previous year have been restated.
|
01/01-31/03/2023
584.6 / 20.6
|
01/01-31/03/2022
360.8 / 30.5
|
Change in %
62.0 / –
|
01/01-31/12/2022
1,057.8 / 32.2
|
|
in € million
Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %0The figures for the previous year have been restated.
|
01/01-31/03/2023
2,351.0 / 82.8
|
01/01-31/03/2022
976.6 / 82.4
|
Change in %
140.7 / –
|
01/01-31/12/2022
1,934.8 / 58.9
|
|
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
|
01/01-31/03/2023
-95.5 / -3.4
|
01/01-31/03/2022
-92,1 / -7.8
|
Change in %
-3.7 / –
|
01/01-31/12/2022
-205.3 / -6.2
|
|
in € million
EBITDA
|
01/01-31/03/2023
3,954.2
|
01/01-31/03/2022
1,351.2
|
Change in %
–
|
01/01-31/12/2022
4,473.2
|
|
in € million
Adjusted EBIT
|
01/01-31/03/2023
2,415.7
|
01/01-31/03/2022
801.4
|
Change in %
–
|
01/01-31/12/2022
1,670.5
|
|
in € million
EBIT
|
01/01-31/03/2023
3,530.0
|
01/01-31/03/2022
967.3
|
Change in %
–
|
01/01-31/12/2022
2,141.2
|
|
in € million
Adjusted Group net profit0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-31/03/2023
1,449.8
|
01/01-31/03/2022
464.2
|
Change in %
–
|
01/01-31/12/2022
972.6
|
|
in € million
Group net profit/loss0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-31/03/2023
2,288.6
|
01/01-31/03/2022
606.3
|
Change in %
–
|
01/01-31/12/2022
1,738.0
|
|
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01-31/03/2023
8.45
|
01/01-31/03/2022
2.24
|
Change in %
–
|
01/01-31/12/2022
6.42
|
|
in € million
Retained cash flow
|
01/01-31/03/2023
3,083.1
|
01/01-31/03/2022
883.3
|
Change in %
–
|
01/01-31/12/2022
2,534.9
|
|
in € million
Net cash investment
|
01/01-31/03/2023
710.9
|
01/01-31/03/2022
401.8
|
Change in %
76.9
|
01/01-31/12/2022
2,767.7
|
|
in € million
|
31/3/2023
|
31/12/2022
|
Change in %
|
|---|---|---|---|
|
in € million
Net debt
|
31/3/2023
11,535.5
|
31/12/2022
10,847.0
|
Change in %
6.3
|
Financial and strategic performance indicators
|
31/3/2023
|
31/3/2022
|
Change in %
|
31/12/2022
|
|
|---|---|---|---|---|
|
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 31/12/2022 is carried forward.
|
31/3/2023
27,326
|
31/3/2022
26,268
|
Change in %
4.0
|
31/12/2022
26,980
|
|
Employee equivalents0Converted into full-time equivalents.
|
31/3/2023
25,669
|
31/3/2022
24,663
|
Change in %
4.1
|
31/12/2022
25,339
|