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German utility EnBW expects core profit to rise 2%-7% in 2021

FRANKFURT (Reuters) - EnBW, Germany's third-largest listed energy firm, said on Thursday it expects its core profit to rise by 2%-7% in 2021, boosted by its renewables business which saw earnings grew by more than two thirds last year.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) are seen at 2.825 billion to 2.975 billion euros ($3.34-$3.51 billion) in 2021.

($1 = 0.8465 euros)

(Reporting by Christoph Steitz, editing by Emma Thomasson)