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EnBW Q1 core profit more than doubles on valuation gains

Published by Uma Rajagopal

Posted on May 4, 2023

1 min read

· Last updated: February 1, 2026

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Logo of EnBW, a German utility, reflecting Q1 core profit doubling - Global Banking & Finance Review
Image of EnBW's logo, a leading German utility company, highlights the article's focus on their Q1 2023 core profit more than doubling to 2.8 billion euros due to valuation gains.
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EnBW Q1 core profit more than doubles on valuation gains FRANKFURT (Reuters) – German utility EnBW on Thursday said its core profit likely more than doubled to 2.8 billion euros ($3.1 billion) in the first quarter, citing gains on derivative positions as a result of a steep decline in energy prices. First-quarter adjusted net profit […]

EnBW Q1 core profit more than doubles on valuation gains

FRANKFURT (Reuters) – German utility EnBW on Thursday said its core profit likely more than doubled to 2.8 billion euros ($3.1 billion) in the first quarter, citing gains on derivative positions as a result of a steep decline in energy prices.

First-quarter adjusted net profit likely rose to 2.3 billion euros from 0.6 billion last year, according to preliminary figures, EnBW said.

Final results for the period will be published on May 12, the company said.

($1 = 0.9047 euros)

(Reporting by Christoph Steitz, Editing by Friederike Heine)

Frequently Asked Questions

What is core profit?
Core profit refers to the earnings generated from a company's primary business operations, excluding any income derived from non-operational activities such as investments or asset sales.
What are valuation gains?
Valuation gains occur when the market value of an asset increases, leading to a higher reported value on a company's balance sheet, often due to favorable market conditions.
What is adjusted net profit?
Adjusted net profit is a company's net profit that has been modified to exclude one-time expenses or income, providing a clearer view of ongoing operational performance.
What is a preliminary financial report?
A preliminary financial report provides initial financial results before the final figures are confirmed, often based on estimates and subject to adjustments.

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