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For the first time ever, Badenova does not distribute its entire profit to the shareholders. (Image: Badenova)
Freiburg (energate) - Badenova has apparently come through the energy price crisis well so far. Despite the galloping procurement prices, the Freiburg-based regional utility increased both sales and profits in the 2021 financial year. This was mainly due to the long-term procurement strategy for electricity and gas as well as a good development in sales, Badenova announced. Accordingly, the balance sheet profit of 56.8 million euros was around 5 per cent above the previous year& ...
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