Eat The energy group RWE closes the crisis year 2022 with an operating profit (adjusted Ebitda) of 6.3 billion euros. A record result – twice as high as in the previous year.
This was mainly due to the core business, to which RWE includes all areas except coal and nuclear energy. “In addition to capacity expansion in renewable energies, improved market conditions in electricity generation in terms of price level and operating times as well as a very strong performance in the trading business were decisive,” the group said in a statement on Tuesday morning. In particular, power generation and trading in natural gas brought RWE billions in profits.
Coal and nuclear energy, on the other hand, made a significantly lower profit last year than before: after 900 million euros in 2021, coal and nuclear power plants only made a profit of 750 million euros last year. This was primarily due to power plant closures.
In addition, RWE had sold a large part of its electricity production from German lignite and nuclear power plants long before the energy crisis.