Q3 2022 EnBW Energie Baden Wuerttemberg AG Earnings Call Transcript
Welcome, ladies and gentlemen. Thank you for joining us for today's investor and analyst conference call on EnBW's figures for the first 9 months of 2022. At the moment, our CFO, Thomas Kusterer will provide you with details about the latest developments for our business and the environment we operate in and guide you through the figures for the first 9 months of 2022. Afterward, as always, we look forward to your comments and questions. And without further ado, I'll hand it over directly to Thomas to take you through the presentation. Thomas, over to you.
Marcel, thank you a lot. Ladies and gentlemen, welcome also from me. I would like to start with an overview of key events during Q3 and in the past weeks on Slide 2. In the first 9 months of this year, adjusted EBITDA was at the prior year's level. the curtailment of Russian gas supplies at subsidiaries and resulting high replacement costs for the missing gas volumes as well as higher expenses for network,
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