The Dax group has increased in energy trading in particular, growth also came strongly from renewables.
(Photo: dpa)
Frankfurt The utility RWE has significantly raised its business expectations for the current year. The reason is the good half-year result, which the Dax group surprisingly presented on Tuesday evening after the stock market closed.
The good earnings trend continued in the second quarter, the company explained. And it exceeded expectations: “Against this background, the Executive Board of RWE AG today raised the earnings forecast for the 2023 financial year.”
The sectors water/biomass/gas and energy trading would have brought in particularly large profits. For the year as a whole, the group now expects an adjusted EBITDA of 7.1 to 7.7 billion euros, previously 5.8 to 6.4 billion euros had been forecast here. The adjusted net result should reach 3.3 to 3.8 billion euros instead of the previous 2.2 to 2.7 billion euros.
In the first half of the year, RWE posted adjusted EBITDA of EUR 4.5 billion and adjusted net income of EUR 2.6 billion. RWE intends to publish detailed figures for the first half of the year on August 10th. The shares of the Dax company had hardly moved during the trading day and closed around 0.2 percent higher in Frankfurt.
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