EnBW increases earnings: decline expected in 2024. New CEO Georg Stamatelopoulos: EnBW would again significantly increase investments in the implementation of the energy transition in the coming years.

Gross investments of 40 billion euros are planned by 2030, around 90 percent of which will be in Germany, he says. The group announced on Wednesday that the volumes of electricity generated were sold at significantly better conditions compared to 2022. A decline to 4.6 billion to 5.2 billion euros is expected this year.