EnBW Energie Baden-Wurttemberg AG: Company Profile and SWOT Analysis

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					EnBW Energie Baden-Wurttemberg AG

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EnBW Energie Baden-Wurttemberg                                              Financial Snapshot

AG                                                                          Operating Performance

Fast Facts                                                                  The company reported revenue of US$24,490.53
                                                                            million during the fiscal year 2010 (2010). The
                                   Durlacher Allee 93, Karlsruhe,           company's revenue grew at a CAGR of 9.36% during
Headquarters Address
                                   76131,Germany                            2006–2010, with an annual growth of 6.60% over
                                                                            2009. In 2010, the company recorded an operating
Telephone                          + 49 721 6300
                                                                            margin of 11.53%, as against 11.42% in 2009.
Fax                                + 49 721 6313143
                                                                            Revenue and Margins
Website                            www.enbw.com

                                   EBK, Frankfurt Stock ExchangeEBK,
Ticker Symbol, Stock Exchange
                                   XETRA

Number of Employees                20,354

Fiscal Year End                    December

Revenue (in US$ million)           24,490.53

Revenue (in EUR million)           18,367.90




                                                                            Return on Equity
SWOT Analysis                                                               The company recorded a return on equity (ROE) of
                                                                            18.05% for 2010, as compared to its peers,
Strengths                          Weaknesses                               Lechwerke AG (Ticker: LEC), MVV Energie AG
                                                                            (Ticker: MVV1) and EVN AG (Ticker: EVN), which
Dominant position in the market    Growing indebtedness                     recorded ROEs of 18.10%, 12.73% and 7.72%
                                                                            respectively. The company reported a net profit
                                                                            margin of 11.53% in 2010.
Strong financial performance       Limited Operating Margin

                                                                            Return on Equity
Strong liquidity position

Opportunities                      Threats

Growth prospects for wind energy   Fluctuations in foreign exchange rates

Rising demand for electricity      Impact of weather conditions

Strategic growth initiatives       Loss of franchise territory




                                                                            Liquidity Position

                                                                            The company reported a current ratio of 1.22 in 2010,
                                                                            as compared to its peers, Lechwerke AG, MVV
                                                                            Energie AG and EVN AG, which recorded current
                                                                            ratios of 2.95, 1.00 and 1.18 respectively. As of
                                                                            December 2010, the company recorded cash and
                                                                            short-term investments of worth US$3,778.80 million,
                                                                            against US$858.00 million current debt. The company
                                                                            reported a debt to equity ratio of 1.13 in 2010 as
                                                                            compared to its peers, Lechwerke AG, MVV Energie
                                                                            AG and EVN AG, which recorded debt to equity ratios
                                                                            of 0.00, 1.10 and 0.73 respectively.




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EnBW Energie Baden-Wurttemberg AG - SWOT Profile                                                                   Page 1
EnBW Energie Baden-Wurttemberg AG

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1     Company Overview .................................................................................................................................................5
    1.2     Business Description ...............................................................................................................................................5
    1.3     Major Products and Services ...................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1     Five Year Snapshot: Overview of Financial and Operational Performance Indicators ...........................................7
    2.2     Key Financial Performance Indicators ...................................................................................................................10
      2.2.1        Revenue and Operating Profit .......................................................................................................................10
      2.2.2        Asset, Liabilities and Capex ..........................................................................................................................11
      2.2.3        Net Debt vs. Gearing Ratio ............................................................................................................................12
      2.2.4        Operational Efficiency ....................................................................................................................................13
      2.2.5        Solvency ........................................................................................................................................................14
      2.2.6        Valuation ........................................................................................................................................................15
    2.3     Competitive Benchmarking ....................................................................................................................................16
      2.3.1        Market Capitalization .....................................................................................................................................17
      2.3.2        Efficiency .......................................................................................................................................................18
      2.3.3        Capital Expenditure .......................................................................................................................................19
      2.3.4        Turnover – Inventory and Asset ....................................................................................................................20
3     Mergers & Acquisitions and Partnerships ........................................................................................... 21
    3.1     M&A and Partnerships Strategy ............................................................................................................................21
4     Recent Developments ........................................................................................................................... 29
5     SWOT Analysis ...................................................................................................................................... 30
    5.1     SWOT Analysis - Overv
				
DOCUMENT INFO
Description: ICD Research's "EnBW Energie Baden-Wurttemberg AG: Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, financial ratios, SWOT analysis, key facts, information on products and services, details of locations and subsidiaries, plus information on key news events affecting the company.
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