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EnBW sees FY adjusted EBITDA at upper end of forecast range
Global Banking & Finance Review®
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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.
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)
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance.
Adjusted EBITDA refers to EBITDA that has been modified to exclude certain non-recurring items, providing a clearer view of a company's ongoing operational performance.
Energy trading involves the buying and selling of energy commodities, such as electricity, gas, and renewable energy credits, typically to manage supply and demand.
Corporate profit is the amount of money that a company earns after all expenses, taxes, and costs have been deducted from total revenue.
Financial management is the strategic planning, organizing, directing, and controlling of financial activities to achieve an organization's financial goals.
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