EnBW raises investments despite 24% drop in nine-month profit

EnBW Energie Baden Wuerttemberg AG

12/11/2024 08:00

FRANKFURT, Nov 12 (Reuters) - EnBW  EBKG.DE  said on
Tuesday that its investments rose by 40% in the first nine
months even though profits fell, as the German utility pursued
its energy transition.
    The group also confirmed its 2024 outlook, saying it still
expects adjusted core profit (EBITDA) of 4.6 billion euros to
5.2 billion euros ($4.9 to $5.5 billion).
($1 = 0.9387 euros)  

 (Reporting by Christoph Steitz; Editing by Alexander Smith)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))