The energy crisis ensures hefty profits at RWE.
(Photo: imago images / Rupert Oberhäuser)
meal Thanks to good business with gas, water and biomass as well as in energy trading, the energy group RWE is raising its forecast for the year. At group level, RWE now expects adjusted operating income (Ebitda) of five to 5.5 billion euros instead of the previous 3.6 to four billion euros, RWE announced on Wednesday. The ad hoc announcement speaks of an “extraordinarily good result”.
In the core business, RWE expects an adjusted EBITDA of 4.3 to 4.8 billion euros. The group had previously announced 2.9 to 3.3 billion euros. RWE expects “a continuation of the positive earnings development” in the coming year as well.
Due to the current uncertainties, however, a new earnings forecast for 2023 above the previous forecast should only be determined at a later date.
For RWE, its significantly expanded business with energy from electricity and the sun had already paid off in the first quarter. Adjusted operating profit (Ebitda) had increased by 65 percent.
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