XTRA:EBKElectric Utilities
EnBW (XTRA:EBK) Stock Finds Profit Support Despite Rising Debt Pressure
EnBW Energie Baden-Württemberg stock closed at €67.00 on 7 August, with the price drifting over the past month and quarter. On the screen that can look like a dull story. The headline from these earnings is different. EnBW reported a solid Q2 with net income from continuing operations of €127.6m and adjusted EBITDA for the first half of €2.3b, while reaffirming full year guidance.
For a capital intensive utility carrying €13.9b of net debt and a heavy investment plan, that combination of...