EnBW Posts Nine-Month Core Profit Decline on Lower Coal and Hydro Output
Adjusted core profit fell to €3.2 billion from €3.6 billion a year earlier, as lower output from phased-out coal plants and hydroelectric stations weighed on results.
German utility EnBW XETR:EBK reported a drop in nine-month core profit on Thursday, hit by lower output from phased out coal-fired power plants as well as hydroelectric stations, which suffered from lower Rhine levels.Adjusted core profit fell to €3.2 billion ($3.5 billion) from €3.6 billion a year…