Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ENBW ENERGIE BADEN-W▄RTTEMBERG AG

(EBK)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 11/29 03:58:00 pm
77 EUR   0.00%
11/24Energy policy goals of Germany's next government
RE
11/15EnBW To Raise Household Gas Customers In 2022
MT
11/15Germany's EnBW will raise household gas prices in 2022, not power
RE
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amprion looking at funding options as grid investments rise - sources

09/10/2019 | 05:39am EST

FRANKFURT (Reuters) - German high-voltage power transmission network Amprion, whose owners include RWE and Munich Re, is evaluating options to bring in fresh funds, two people familiar with the matter said.

Options include issuing hybrid bonds, debt or raising capital, the people said. Amprion is one of Germany's four power transmission system operators, which also include TenneT, Elia's 50Hertz and EnBW's TransnetBW.

Due to Germany's exit from baseload energy sources -- most notably nuclear and coal -- and a steep rise in intermittent renewable capacity, network operators face huge investments over the next decades to make sure grids can manage the squeeze.

Germany's no.1 grid operator, TenneT - owned by the Netherlands - is currently also in discussions on how to raise fresh capital for future investments.

Amprion, which operates Germany's second-largest high voltage power transmission grid, plans to spend 9.34 billion euros (8.36 billion pounds) in the 2019-2028 period, up 38% from the 2018-2027 period.

One source said the group was in near-term need of about 2 billion euros, adding that one option was to bring in new investors.

"In general, our investments were and are fully financed. We are, of course, constantly evaluating different financing instruments and options at an early stage. But we are under no pressure at the moment," a spokesman for Amprion said.

He added no decision regarding future financing measures had been taken, but that the company was generally in talks with a large number of market participants.

RWE owns 25.1% of Amprion, while the rest is held by M31 Beteiligungsgesellschaft mbH & Co Energie KG, whose investors include insurers Swiss Life and Talanx as well as MEA Munich Ergo, a unit of reinsurer Munich Re.

In late July Moody's had changed its outlook on the "A3" rating it had to negative from stable, citing higher investment needs, lower equity returns for grid operators and falling cash flows.

"We have a stable group of shareholders which have shown their commitment in the past through their capital increase. We believe that such a measure can be repeated again in the future if there is demand for it," the spokesman said.

RWE's Chief Financial Officer Markus Krebber said in May that Amprion was a strategic investment and that RWE would remain a shareholder. In 2011 RWE sold a majority in Amprion in a deal that valued the business at 1.3 billion euros.

(Editing by Michelle Martin)

By Arno Schuetze and Christoph Steitz


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ELIA GROUP NV/SA -0.09% 109.1 Real-time Quote.12.00%
ENBW ENERGIE BADEN-WÜRTTEMBERG AG -0.52% 76.6 Delayed Quote.37.50%
MUNICH RE 1.27% 239.1 Delayed Quote.-2.76%
RWE AG 2.67% 35.02 Delayed Quote.-1.33%
SWISS LIFE HOLDING AG 1.82% 524.6 Delayed Quote.24.93%
SWISS RE LTD 0.46% 86.66 Delayed Quote.3.50%
TALANX AG 1.03% 39.34 Delayed Quote.22.61%
VOLTAGE INCORPORATION -2.93% 364 End-of-day quote.-30.13%
All news about ENBW ENERGIE BADEN-W▄RTTEMBERG AG
11/24Energy policy goals of Germany's next government
RE
11/15EnBW To Raise Household Gas Customers In 2022
MT
11/15Germany's EnBW will raise household gas prices in 2022, not power
RE
11/12Biggest solar park without state funding inaugurated
PU
11/12EnBW Energie Baden-W?rttemberg AG Provides Earnings Guidance for the Year 2021
CI
11/12EnBW Energie Baden-W?rttemberg AG Reports Earnings Results for the Third Quarter and Ni..
CI
11/12EnBW Keeps Positive FY21 Outlook As Nine-Month Profit Tumbles
MT
11/12EnBW continues to make progress in third quarter and reaffirms earnings growth for 2021
PU
11/12German EnBW's 9-month profit drops due to wind conditions, pricing
RE
11/12Funds advised by First State Investments acquired 45.1% stake in MVV Energie AG from En..
CI
More news
Analyst Recommendations on ENBW ENERGIE BADEN-W▄RTTEMBERG AG
More recommendations
Financials
Sales 2020 19 900 M 22 460 M 22 460 M
Net income 2020 596 M 673 M 673 M
Net Debt 2020 8 487 M 9 580 M 9 580 M
P/E ratio 2020 25,4x
Yield 2020 1,79%
Capitalization 20 747 M 23 383 M 23 417 M
EV / Sales 2019 1,06x
EV / Sales 2020 1,19x
Nbr of Employees 23 527
Free-Float 0,37%
Chart ENBW ENERGIE BADEN-W▄RTTEMBERG AG
Duration : Period :
EnBW Energie Baden-WŘrttemberg AG Technical Analysis Chart | EBK | DE0005220008 | MarketScreener
Technical analysis trends ENBW ENERGIE BADEN-W▄RTTEMBERG AG
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Managers and Directors
Frank Mastiaux Chairman-Management Board & CEO
Thomas Andreas Kusterer Chief Financial Officer
Lutz Peter Feldmann Chairman-Supervisory Board
Hans-Josef Zimmer Chief Technical Officer
Bernd-Michael Zinow Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
ENBW ENERGIE BADEN-WÜRTTEMBERG AG37.50%23 601
NEXTERA ENERGY11.59%168 920
ENEL S.P.A.-17.64%78 378
DUKE ENERGY CORPORATION8.43%76 380
IBERDROLA, S.A.-14.99%69 503
SOUTHERN COMPANY0.99%65 750