UPDATE 1-EnBW cuts profit outlook on lower power sales

Fri Nov 13, 2009 3:35am EST
 
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* Now sees adj. EBIT down "slightly"

* Previously forecast increase of as much as 3 pct

* 9-mth adj. EBIT drops 2.6 pct to 1.4 bln eur

* 9-mth net income drops 9 pct to 713 mln eur

(Adds comments on outlook)

FRANKFURT, Nov 13 (Reuters) - Energie Baden-Wuerttemberg (EBKG.DE), Germany's third-largest utility, reduced its expectations for 2009 profits as it will earn less from selling power in Europe's largest power market.

The power company, based in Karlsruhe, southern-Germany, now expects adjusted earnings before interest and taxes (EBIT) to fall "slightly", it said on Friday, after previously forecasting an increase of adjusted EBIT of as much as 3 pct. (Writing by Peter Dinkloh)

 

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