Reporting full year 2022
Our solid operating result once again underscores that our integrated product portfolio delivers stable cash flows even in challenging times.Figures full year 2022
Adjusted EBITA
€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 31.12.2022
Share of adjusted EBITDA: €510 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↑ Positive development of our subsidiary Senec
↑ Higher earnings from our B2B business at subsidiaries
Share of adjusted EBITDA: €1,046 m
System Critical Infrastructure
System Critical Infrastructure
↓ Substantially higher expenses for grid reserve measures including redispatch to maintain security of supply
↑ Higher congestion revenues due to a high electricity price differential between Germany and neighboring countries
Share of adjusted EBITDA: €1,935 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↑ Marketing above the fixed EEG tariff
↑ Newly commissioned solar parks
↑ Better wind yields
Thermal Generation and Trading
↓ Curtailment and suspension of gas supplies due to the Russia-Ukraine war
↓ Negative valuation effects on derivative financial instruments
↑ Higher market prices and earnings contribution from trading activities
Performance indicators of the EnBW Group
|
in € million
|
2022
|
2021
|
Change in %
|
|---|---|---|---|
|
in € million
External revenue
|
2022
56,002.6
|
2021
32,147.9
|
Change in %
74.2
|
|
in € million
TOP Adjusted EBITDA
|
2022
3,285.7
|
2021
2,959.3
|
Change in %
11.0
|
|
in € million
TOP Share of adjusted EBITDA accounted for by Smart Infrastructure for Customers in € million/in %
|
2022
510.2 / 15.5
|
2021
344.0 / 11.6
|
Change in %
48.3 / –
|
|
in € million
TOP Share of adjusted EBITDA accounted for by System Critical Infrastructure in € million/in %
|
2022
1,046.0 / 31.8
|
2021
1,263.0 / 42.7
|
Change in %
-17.2 / –
|
|
in € million
TOP Share of adjusted EBITDA accounted for by Sustainable Generation Infrastructure in € million/in %
|
2022
1,934.8 / 58.9
|
2021
1,539.7 / 52.0
|
Change in %
25.7 / –
|
|
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
|
2022
-205.3 / -6.2
|
2021
-187.4 / -6.3
|
Change in %
9.6 / –
|
|
in € million
EBITDA
|
2022
4,473.2
|
2021
2,803.5
|
Change in %
59.6
|
|
in € million
Adjusted EBIT
|
2022
1,670.5
|
2021
1,402.9
|
Change in %
19.1
|
|
in € million
EBIT
|
2022
2,141.2
|
2021
158.8
|
Change in %
–
|
|
in € million
Adjusted Group net profit0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
2022
972.6
|
2021
1,203.2
|
Change in %
-19.2
|
|
in € million
Group net profit0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
2022
1,738
|
2021
363.2
|
Change in %
–
|
|
in € million
EnBW share price as of 31/12
|
2022
87.00
|
2021
76.00
|
Change in %
14.5
|
|
in € million
Earnings per share from Group net profit in €0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
2022
6.42
|
2021
1.34
|
Change in %
–
|
|
in € million
Dividend per share in € / dividend payout ratio in %0For 2022, subject to approval from the ordinary Annual General Meeting on 03/05/2023.0Adjusted for the valuation effects of IFRS 9 in 2021.
|
2022
1.10 / 31
|
2021
1.10 / 36
|
Change in %
–/–
|
|
in € million
Retained Cashflow
|
2022
2,534.9
|
2021
1,783.8
|
Change in %
42.1
|
|
in € million
TOP Debt repayment potential in %0For the calculation of the net debt and debt repayment potential, please refer to the section “The EnBW Group” of the management report.
|
2022
23.4
|
2021
17.2
|
Change in %
–
|
|
in € million
Net cash investment
|
2022
2,767.7
|
2021
2,471.2
|
Change in %
12.0
|
|
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.
|
2022
10,847.0
|
2021
10,351.3
|
Change in %
4.8
|
|
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.
|
2022
7,214.2
|
2021
4,466.3
|
Change in %
61.5
|
|
in € million
Return on Capital Employed (ROCE) in %
|
2022
7.9
|
2021
6.9
|
Change in %
–
|
|
in € million
Weighted average cost of capital before tax in %
|
2022
6.8
|
2021
4.9
|
Change in %
–
|
|
in € million
Average capital employed
|
2022
22,690.5
|
2021
22,249.9
|
Change in %
2.0
|
|
in € million
TOP Value Spread in %
|
2022
1.1
|
2021
2.0
|
Change in %
–
|
Financial and strategic performance indicators
|
Customers and society goal dimension
|
2022
|
2021
|
Change in %
|
|---|---|---|---|
|
Customers and society goal dimension
TOP Reputation Index
|
2022
58
|
2021
55
|
Change in %
5.5
|
|
Customers and society goal dimension
TOP EnBW/Yello Customer Satisfaction Index
|
2022
139 / 166
|
2021
127 / 159
|
Change in %
9.4 / 4.4
|
|
Customers and society goal dimension
TOP SAIDI (electricity) in min/year
|
2022
16.6
|
2021
15.8
|
Change in %
5.1
|
|
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 %
|
2022
5.4 / 41.7
|
2021
5.1 / 40.1
|
Change in %
5.9 / 4.0
|
|
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).
|
2022
491
|
2021
478
|
Change in %
2.6
|
|
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]).
|
2022
81
|
2021
82
|
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.
|
2022
2.6 / 4.1
|
2021
2.3 / 3.3
|
Change in %
13.0 / 24.2
|
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
11. November 2022
Reporting Q3 2022
In the past weeks and months, EnBW, like other energy companies, has had to manage considerable uncertainty and major fluctuations in the international energy markets. Our integrated portfolio from power generation to grid infrastructure to sales has so far ensured pleasing stability. Large negative impacts in, for example, the gas business have been offset by positive performance in Renewable Energies and Trading.Facts and figures Q3 2022
Adjusted EBITA
€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 30.09.2022
Share of adjusted EBITDA: €321 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↑ Contribution by newly acquired subsidiaries at home storage provider SENEC
↓ Increased procurement costs
Share of adjusted EBITDA: €944 m
System Critical Infrastructure
System Critical Infrastructure
↓ Higher expenses for grid stabilisation measures including redispatch to maintain security of supply as a result of sharp rise in number of deployments and market prices
Share of adjusted EBITDA: €878 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↑ Newly commissioned solar parks
↑ Marketing above the fixed EEG tariff
↑ Better wind yields
Thermal Generation and Trading
↓ Effects from the curtailment and suspension of gas supplies due to the Russia-Ukraine war
↓ Negative valuation effects on derivative financial instruments
↑ Higher market prices and earnings contribution from trading activities
12 August 2022
Reporting Q2 2022
EnBW’s integrated portfolio approach across the entire energy value chain and our solid internal financing capability ensure stability. Against the backdrop of the Russia-Ukraine war, we are sticking to our strategic lineup and our climate targets.Facts and figures Q2 2022
Adjusted EBITA
€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 30.06.2022
Share of adjusted EBITDA: €115 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↓ Increased procurement costs which will be partially passed on to customers as of 1/10/2022
Share of adjusted EBITDA: €588 m
System Critical Infrastructure
System Critical Infrastructure
↓ Higher expenses for grid reserve and redispatch to maintain security of supply
Share of adjusted EBITDA: €852 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
Renewable Energies
↑ Marketing above the fixed EEG tariff
↑ Expansion of solar parks
↑ Better wind yields
Thermal Generation and Trading
↓ Replacement procurement costs due to reduced gas supply
13 May 2022
Reporting Q1 2022
Providing people with a secure supply of electricity and gas is one of EnBW’s central tasks. We are doing everything in our power to deliver on our special responsibility here by deploying our grid infrastructure and power plant portfolio. At the same time, we are working flat out to substitute purchases of Russian gas and coal while having due regard to sustainability and economic considerations and without endangering security of supply. We are making very good progress here and will cease purchasing Russian coal from as early as mid-August. Regarding gas, too, we are working hard towards a significant diversification of supply sources, above all by expanding our LNG activities.Facts and figures Q1 2022
Adjusted EBITA
€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 31.03.2022
Share of adjusted EBITDA: €103 m
Smart Infrastructure for Customers
Smart Infrastructure for Customers
↓ Increased procurement costs which will be partially passed on later
Share of adjusted EBITDA: €353 m
System Critical Infrastructure
System Critical Infrastructure
↓ Higher expenses for grid reserve to maintain security of supply
Share of adjusted EBITDA: €821 m
Sustainable Generation Infrastructure
Sustainable Generation Infrastructure
↑ Better wind yields
↑ Marketing above the fixed EEG tariff
↑ Temporary valuation effects
↑ Generation volume sold at significantly higher prices
Performance indicators of the EnBW Group
|
in € million
|
01/01 -
31/03/2022 |
01/01 -
31/03/2021 |
Change in %
|
01/01 -
31/12/2021 |
|---|---|---|---|---|
|
in € million
External revenue
|
01/01 -
31/03/2022 13,724.5
|
01/01 -
31/03/2021 6,827.2
|
Change in %
101.0
|
01/01 -
31/12/2021 32,147.9
|
|
in € million
Adjusted EBITDA
|
01/01 -
31/03/2022 1,185.0
|
01/01 -
31/03/2021 814.1
|
Change in %
45.6
|
01/01 -
31/12/2021 2,959.3
|
|
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 -
31/03/2022 103.3 / 8.7
|
01/01 -
31/03/2021 123.6 / 15.2
|
Change in %
-16.4 / –
|
01/01 -
31/12/2021 344.0 / 11.6
|
|
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 -
31/03/2022 352.7 / 29.8
|
01/01 -
31/03/2021 370.5 / 45.5
|
Change in %
-4.8 / –
|
01/01 -
31/12/2021 1,263.0 / 42.7
|
|
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 -
31/03/2022 821.1 / 69.3
|
01/01 -
31/03/2021 373.9 / 45.9
|
Change in %
119.6 / –
|
01/01 -
31/12/2021 1,539,7 / 52.0
|
|
in € million
Share of adjusted EBITDA accounted for by Other/Consolidation in € million/in %
|
01/01 -
31/03/2022 -92.1 / -7.8
|
01/01 -
31/03/2021 -53.9 / -6.6
|
Change in %
-70.9 / –
|
01/01 -
31/12/2021 -187.4 / -6.3
|
|
in € million
EBITDA
|
01/01 -
31/03/2022 1,351.2
|
01/01 -
31/03/2021 810.3
|
Change in %
66.8
|
01/01 -
31/12/2021 2,803.5
|
|
in € million
Adjusted EBIT
|
01/01 -
31/03/2022 801.4
|
01/01 -
31/03/2021 445.8
|
Change in %
79.8
|
01/01 -
31/12/2021 1,402.9
|
|
in € million
EBIT
|
01/01 -
31/03/2022 967.3
|
01/01 -
31/03/2021 441.3
|
Change in %
119.2
|
01/01 -
31/12/2021 158.8
|
|
in € million
Adjusted Group net profit0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01 -
31/03/2022 464.2
|
01/01 -
31/03/2021 320.8
|
Change in %
44.7
|
01/01 -
31/12/2021 1,203.2
|
|
in € million
Group net profit/loss0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01 -
31/03/2022 606.3
|
01/01 -
31/03/2021 321.1
|
Change in %
88.8
|
01/01 -
31/12/2021 363.2
|
|
in € million
Earnings per share from Group net profit (€)0In relation to the profit/loss attributable to the shareholders of EnBW AG.
|
01/01 -
31/03/2022 2.24
|
01/01 -
31/03/2021 1.19
|
Change in %
88.8
|
01/01 -
31/12/2021 1.34
|
|
in € million
Retained cash flow
|
01/01 -
31/03/2022 883.3
|
01/01 -
31/03/2021 724.6
|
Change in %
21.9
|
01/01 -
31/12/2021 1,783.8
|
|
in € million
Net cash investment
|
01/01 -
31/03/2022 401.8
|
01/01 -
31/03/2021 374.2
|
Change in %
7.4
|
01/01 -
31/12/2021 2,471.2
|
|
€ million
|
31/03/2022
|
31/12/2021
|
Change in %
|
|---|---|---|---|
|
€ million
Net debt
|
31/03/2022
8,744.7
|
31/12/2021
8,786.1
|
Change in %
-0.5
|
Financial and strategic performance indicators
|
31/03/2022
|
31/03/2021
|
Change in %
|
31/12/2021
|
|
|---|---|---|---|---|
|
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 31/12/2021 is carried forward.
|
31/03/2022
26,268
|
31/03/2021
24,828
|
Change in %
5.8
|
31/12/2021
26,064
|
|
Employee equivalents0Converted into full-time equivalents.
|
31/03/2022
24,663
|
31/03/2021
23,290
|
Change in %
5.9
|
31/12/2021
24,519
|