KARLSRUHE (dpa-AFX) – Poor wind conditions and low water levels at hydropower plants have dampened electricity production for Karlsruhe-based energy provider EnBW in the first nine months of the current fiscal year. "Offshore wind conditions in particular were very weak nationwide, especially in the first half of 2025, even compared to the long-term average," the company reported. The decline in electricity output was only partially offset by higher revenues from solar parks.
In the Sustainable Infrastructure segment, adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) stood at 1.6 billion euros for the first nine months--a decrease of around 20 percent compared to the same period last year. In contrast, the System-Critical Infrastructure segment saw an increase of nearly 12 percent.
The group's operating result across all divisions totaled 3.6 billion euros, representing a slight 2.7 percent decrease from the previous year's figure of 3.7 billion euros. Net profit for the group fell sharply by more than 62 percent to 589 million euros. The company confirmed its forecast for the full fiscal year, maintaining its expectation for Ebitda between 4.8 and 5.3 billion euros by year-end.
Record-High Investments
According to Deputy CEO and CFO Thomas Kusterer, the energy provider's investments have reached a record level of approximately 4.7 billion euros, about 21 percent higher than the value for the same period last year. "This marks a historic high," he said. "During the current decade, we plan to invest up to 50 billion euros." A key focus of these investments has been the expansion of electricity and gas networks--such as the SuedLink power line, which is scheduled to go into operation at the end of 2028.
The company is the third-largest energy supplier in Germany. Its largest shareholder is the state of Baden-Württemberg and the OEW consortium of Upper Swabian districts. EnBW supplies around 5.5 million customers and, as of the end of September, employed nearly 31,000 people.
