NEWS
EnBW sees FY adjusted EBITDA at upper end of forecast range
Published On :
EnBW sees FY adjusted EBITDA at upper end of forecast range
BERLIN (Reuters) – German utility EnBW confirmed its full-year outlook on Friday, with adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) now expected to be at the upper end of the forecast range of 4.7-5.2 billion euros.
The German utility said its half-year adjusted EBITDA came in at 3.5 billion euros, citing preliminary results, more than double the 1.4 billion euros it reported for the first six months of 2022.
EnBW said the jump in earnings was mainly driven by its Sustainable Generation Infrastructure segment, which saw growth in thermal power generation and energy trading as a result of high market volatility.
The company is scheduled to release its final half-year figures on Aug. 11.
(Writing by Rachel More, Editing by Friederike Heine)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
-
-
NEWS3 days ago
German regulator sets stamp price guidelines, shrugging off DHL protest
-
-
-
NEWS3 days ago
Dollar braces for US inflation data and several Fed speakers
-
-
-
TECHNOLOGY3 days ago
Asterion agrees to sell data centre operator Nabiax to Aermont
-
-
-
NEWS2 days ago
Europe’s STOXX 600 jumps on defence stocks prospects, data in focus
-