Energie Baden-Wurttemberg’s (EnBW’s) earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 2.8% to E2.33 billion in 2007 and earnings before interest and taxes (EBIT) rose by 7.4% to E1.55 billion. Earnings before tax (EBT) improved by 15.4% to E1.37 billion in 2007. Adjusted EBITDA grew 6.9% to E2.32 billion, adjusted EBIT grew 7.7% to E1.56 billion and adjusted EBT grew 7.9% to E1.28 billion.
The increased EBT, non-recurring tax income arising from the German business tax reform and a higher result from discontinued operations contributed to a year-on-year increase in group net profit in terms of the profit share attributable to shareholders of 36.2% to E1.36 billion, the company said.
Adjusted group net profit in terms of the profit attributable to equity holders of EnBW rose by 11% to E821 million. Compared to 2007, the cash flow from operating activities increased by 6.3% to E1.55 million. The increase was primarily due to the improved EBITDA and a reduction in working capital.
