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EnBW Energie Baden-Württemberg AG / Key word(s): Half Year Report
Half-year financial statements to show impairment losses and provisions for onerous contracts totalling €1.25 billion
The recognition of these special charges totalling €1.25 billion in the 2021 half-year financial statements is mainly due to reduced expectations for future cash flows, primarily in the conventional generation business due to expected increased climate change mitigation requirements.
The special charges reduce the non-operating result and do not affect cash flows in the half-year financial statements. They also have no impact on the basis of calculation for the dividend. This is calculated on the basis of adjusted Group net profit (Group net profit adjusted for special items). The ability to distribute a dividend for the 2021 financial year is unaffected.
The stated one-off effects do not result in any change to the full-year adjusted EBITDA earnings guidance for 2021.
15-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
EnBW Energie Baden-Württemberg AG
Durlacher Allee 93
+49 (0)7 21 63-00
Regulated Market in Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange
EQS News ID:
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