RWE Lifts Full-Year Guidance
July 25 2023 - 1:26PM
Dow Jones News
By Maitane Sardon
RWE on Tuesday raised its full-year guidance on the back of
better-than-expected first-half earnings.
The German energy company said adjusted earnings before
interest, taxes, depreciation and amortization came in at 4.5
billion euros ($4.98 billion) in the first half, while adjusted
earnings before interest and taxes stood at EUR3.5 billion.
It made a net profit of EUR2.6 billion, according to preliminary
figures.
The company lifted its outlook for the full year, citing a
strong earnings trend during the second quarter. It said it expects
group adjusted Ebitda of EUR7.1 billion to EUR7.7 billion, from
EUR5.8 billion to EUR6.4 billion previously. It sees adjusted net
income at EUR3.3 billion to EUR3.8 billion, compared with previous
estimates of EUR2.2 billion to EUR2.7 billion.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
July 25, 2023 13:11 ET (17:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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