Earnings per share were up 18.1% to E2.80, compared to E2.37 in the previous year. Meanwhile, earnings before interest, taxes, depreciation and amortization rose by 5.4% to E1.4 billion in the first half of 2007, while earnings before interest and taxes jumped 3.2% to E1.03 billion.
Earnings from continuing operations climbed 18.3% in H1 2007, compared to the same period of 2006, to E684.7 million. The company added that earnings before tax totaled E986.7 million, which is 3.1% above the same period of 2006. Meanwhile, cash flow from operations increased by an impressive 70.8% to E691.2 million.
EnBW attributed the rise in earnings to the improved result in the electricity segment and the enlargement of the consolidated group. In the gas segment, however, the mild winter caused a decrease in sales and earnings. EnBW also said that the result was the fruit of four years of consistently realigning the company.
EnBW now hopes to be able to make future investments in networks and power stations and continue its positive development on a national and international scale.
