Type Public Industry Electric utilities Website www.enbw.com Revenue 19.24 billion EUR (2012) | Traded as FWB: EBK Products Electric power Headquarters Karlsruhe, Germany Founded 1997 | |
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CEO Frank Mastiaux (1 Oct 2012–30 Sep 2017) Stock price EBK (ETR) € 23.00 +0.60 (+2.66%)10 Mar, 9:23 AM GMT+1 - Disclaimer Subsidiaries Erdgas Südwest GmbH, Enbw Transportnetze AG Profiles | ||
EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly traded electric utilities company headquartered in Karlsruhe, Germany.
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History
On 1 January 1997, EnBW was formed from the merger of two utilities companies from Baden-Württemberg, Badenwerk AG and Energieversorgung Schwaben AG (EVS). On 16 July 1999 two subsidiaries of the former EVS decided to retroactively merge into EnBW Ostwuerttemberg DonauRies AG (ODR). On 1 October 2003 the merger of EnBW with Neckarwerke Stuttgart AG took place.
EnBW was the main sponsor of football-clubs VfB Stuttgart (2005–2010) and Karlsruher SC. Currently it is sponsor of both clubs on a lower level. EnBW is also name- and main sponsor of Volleyball-Bundesliga-club EnBW TV Rottenburg and Beko Basketball-Bundesliga-club EnBW Ludwigsburg and main sponsor of Toyota Handball Bundesliga-club Frisch Auf Göppingen.
Recent News
In January 2015, EnBW sold a stake in its Baltic 2 offshore wind park to the Australian investment group Macquarie Group for a fee totalling €720 million, due for completion in summer 2016 and subject to antitrust approval.
Shareholders
The two principal shareholders of EnBW are NECKARPRI-Beteiligungsgesellschaft mbH, with a 46.55% share and Oberschwäbischen Elektrizitätswerke (OEW), with a 46.55% share. The two shareholders agreed to keep the share ratios as they are and to vote in mutual agreement on important decisions.
Figures
About 5.4 million customers make EnBW the third-largest utilities company in Germany. With just under 24,600 employees an annual turnover of approximately 10.6 billion euro was generated in 2003. After the first mid-year 2004 19,500 coworkers remained generating a turnover of approximately €5.8 billion.
Power plants
Power lines
A further special feature is, that on many powerlines of EnBW, which were built by former EVS before 1985 the aerial cable for telecommunication is installed like a garland on the ground conductor or an auxiliary rope.