Āé¶¹ĪŽĀė°ę

News Digest Item
27 Jul 2017

ā€œEnBW remains on course to reach earnings turnaroundā€

EnBW / Reuters

German utility EnBW reported a 10.9 percent increase in its first-half core profit, citing refunds of a nuclear fuel tax, consolidation of a majority in gas supplier VNG in April 2016, and the sale of an offshore wind park stake, reports Reuters. EnBW is ā€œwell on trackā€ to reach its earnings target for 2017, but ā€œmust continue to make every effort to achieve itā€, said Thomas Kusterer, Chief Financial Officer, in a press release. ā€œThe reimbursement of the nuclear fuel rod tax changes nothing in this regard. Although it eases the tense situation in terms of equity and debt on the balance sheet, it is just a one-off extraordinary effect,ā€ said Kusterer.

Find the Reuters article in English and the EnBW press release in English .

For background, read the Āé¶¹ĪŽĀė°ę dossier Utilities and the energy transition.

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