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EnBW, Germany’s third-largest energy supplier, increased its operating result – or adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) – by some 60% to almost €6.4 billion ($6.9 billion) last year. The surge was mainly due to an increase in thermal generation – that is from coal and gas – and trading. Due to increased market prices and fluctuations, the electricity volumes generated were sold at significantly better conditions compared to 2022, the Karlsruhe-based company announced on Wednesday. A decline to between €4.6 billion and €5.2 billion is expected for thi…

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