RWE 1Q Adjusted Earnings Rose; Backs 2023 View
27 Abril 2023 - 2:51AM
Noticias Dow Jones
By Giulia Petroni
RWE AG on Thursday said it expects to report that adjusted
earnings rose significantly on year in the first quarter, boosted
by stronger results in international power generation.
According to preliminary results, the German company said it
expects that adjusted earnings before interest, taxes, depreciation
and amortization rose to EUR2.80 billion in the quarter, primarily
driven by the hydro, biomass and gas segment.
Adjusted EBIT is seen at EUR2.30 billion, while adjusted net
income should come at EUR1.67 billion.
In the first quarter of 2022, RWE reported adjusted Ebitda of
EUR1.46 billion and adjusted EBIT of EUR1.10 billion. Adjusted net
income was EUR735 million.
RWE backed its 2023 outlook.
The company is scheduled to release first-quarter results on May
11.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 27, 2023 03:36 ET (07:36 GMT)
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