RWE Boosted Investments in First Half; Backs Guidance Lift on Higher Earnings
10 8월 2023 - 2:44PM
Dow Jones News
By Giulia Petroni
RWE said it has boosted its portfolio investments in the first
half and confirmed it raised its full-year outlook on the back of a
solid earnings performance.
The German energy company on Thursday said it has invested 9
billion euros ($9.88 billion) in the period compared to EUR2.1
billion in the year-earlier period, and expanded its renewables
capacity by 5.1 gigawatts through acquisitions and commissioning of
new plants.
For the first half, adjusted net income was EUR2.63 billion
compared to EUR950 million a year earlier, while adjusted earnings
before interest, taxes, depreciation and amortization rose to
EUR4.54 billion from EUR2.12 billion. Adjusted EBIT came in at
EUR3.51 billion.
RWE had released preliminary figures at the end of July.
Earnings were driven by a strong performance in the hydropower,
biomass and gas segment, as well as by a strong supply-and-trading
business, according to the company.
RWE also backed its previously announced guidance lift, saying
it expects adjusted net income between EUR3.3 billion and EUR3.8
billion in the full year. Adjusted Ebitda is seen at EUR7.1 billion
to EUR7.7 billion, while adjusted EBIT is expected to be between
EUR5 billion and EUR5.6 billion, the company said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 10, 2023 01:29 ET (05:29 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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