RWE Sees 2023 Earnings Broadly Below Prior Year Level; Raises Dividend
21 Marzo 2023 - 12:50AM
Noticias Dow Jones
By Giulia Petroni
RWE AG expects most metrics in 2023 to be below the previous
year's level but said it aims to increase its dividend.
The German energy company on Tuesday said that it expects
adjusted net income of between 2.2 billion euros and 2.7 billion
euros ($2.36 billion - $2.89 billion) in 2023.
Adjusted earnings before interest, taxes, depreciation and
amortization are seen at EUR5.8 billion-EUR6.4 billion, while
adjusted EBIT is expected in a range of EUR3.6 billion and EUR4.2
billion.
RWE also said it targets a dividend increase to EUR1 a share
this year from EUR0.90 a share in 2022.
The company confirmed its operating performance exceeded
expectations last year, supported by positive results in the
hydro-biomass-gas segment as well as strong supply and trading.
As previously announced during preliminary results, RWE
registered an adjusted net income of EUR3.23 billion in 2022,
compared with EUR1.55 billion in the prior year. Adjusted Ebitda
increased to EUR6.31 billion from EUR3.65 billion, while adjusted
EBIT came in at EUR4.57 billion.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 21, 2023 02:35 ET (06:35 GMT)
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