Finance
EnBW expects core earnings to rise by up to 8% in 2025
EnBW expects core earnings to rise by up to 8% in 2025
Published by Global Banking and Finance Review
Posted on March 26, 2025
Published by Global Banking and Finance Review
Posted on March 26, 2025
FRANKFURT (Reuters) - German utility EnBW said on Wednesday core profit could increase by up to 8% this year, boosted by its energy grids that benefited from a rise in investments.
The company also said it remained in talks with its top shareholders - the state of Baden-Wuerttemberg and local municipalities - about a capital increase of around 3 billion euros ($3.2 billion) to fund further growth.
($1 = 0.9251 euros)
(Reporting by Christoph Steitz; Editing by Mark Potter)
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