RWE 2022 Earnings Top Targets Amid Strong 4Q
26 1월 2023 - 12:51AM
Dow Jones News
By Joshua Kirby
RWE AG's earnings for 2022 came in well above expectations
thanks to good performance in the year's final quarter, the German
energy firm said Wednesday.
According to preliminary figures, RWE made adjusted earnings
before interest, taxes, depreciation and amortization of 6.31
billion euros ($6.87 billion) for the year, ahead of guidance of up
to EUR5.5 billion. In the core business, adjusted Ebitda came to
EUR5.56 billion, compared with guidance of a maximum EUR4.8
billion.
Adjusted EBIT stood at EUR4.57 billion, against guidance of
EUR3.4 billion-EUR3.9 billion, while net profit came to EUR3.23
billion, versus expectations for up to EUR2.6 billion, RWE
said.
The better-than-expected earnings are due to good fourth-quarter
operational performance in the hydro-biomass-gas segment, as well
as in supply & trading, RWE said.
The company will set out full results for the year on March 21
as planned, RWE said, adding that a planned dividend for the year
of 90 European cents a share remains unchanged.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
January 25, 2023 10:36 ET (15:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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