Investor and analyst conference call Q2 2021 »
Thomas Kusterer | Chief Financial Officer |
Julia von Wietersheim | Senior Manager Investor Relations |
29 July 2021
Investor and analyst conference call Q2 2021
Key messages
Reduction in adjusted EBITDA due to temporary effects
- outlook 2021 unchanged
€1.25 bn one-off effects, mainly due to impairment needs on the power plant portfolio - no impact on operating result
Project news:
Milestone for subsidy-free offshore wind farm He Dreiht: EnBW selects 15-megawatt turbines from Vestas
EnBW to build biggest public fast charging station in Europe
150 MW long-term power purchase agreements for three solar parks signed with Blue Elephant Energy
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Investor and analyst conference call Q2 2021
Temporary effects weigh on adjusted EBITDA
Improvement in the financial result increases adjusted Group net profit
Adjusted EBITDA
in € m | |
1,587 | 1,479 |
-7% | |
Q2 2020 | Q2 2021 |
Adjusted Group net profit1
in € m | |
594 | |
370 | |
+61% | |
Q2 2020 | Q2 2021 |
1 Attributable to the shareholders of EnBW AG | 3 |
Investor and analyst conference call Q2 2021
Smart Infrastructure for Customers
Earnings increase driven by improved earnings in the commodity business
Adjusted EBITDA
in € m
208 | Electricity and gas sales | |
Improved earnings in the commodity business at all our sales companies | ||
137 | Positive earnings development of our subsidiary SENEC | |
+52% | ||
Q2 20201 | Q2 2021 |
1 Previous year's figures restated | 4 |
Investor and analyst conference call Q2 2021
System Critical Infrastructure
As expected higher expenses due to necessary grid expansion
Adjusted EBITDA
in € m
745 | 662 | Transmission and distribution grids |
Higher revenue from use of gas and electricity | ||
Higher personnel expense due to the necessary grid expansion | ||
-11% | Increase in expenses for balancing energy | |
Q2 2020 | Q2 2021 |
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EnBW - Energie Baden-Württemberg AG published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 07:16:07 UTC.