# EnBW sees FY adjusted EBITDA at upper end of forecast range
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-08-04
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: EnBW Forecast FY Adjusted EBITDA at Upper End of Range
Meta Description: EnBW's FY adjusted EBITDA expected at upper end of forecast range, more than doubling in first half of 2022 due to growth in Sustainable Generation Infrastructure segment.
URL: https://startupobserver.com/enbw-sees-fy-adjusted-ebitda-at-upper-end-of-forecast-range/

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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.

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)


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