RWE Aktiengesellschaft: RWE raises Group earnings forecast for fiscal 2021

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RWE Aktiengesellschaft / Key word(s): Change in Forecast
RWE Aktiengesellschaft: RWE raises Group earnings forecast for fiscal 2021

30-Jul-2021 / 08:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Essen, 30 July 2021

In view of the business performance in the first half of 2021, the Executive Board of RWE AG has adjusted its earnings forecast for the full year 2021:


Adjusted EBITDA in the Supply & Trading division reached an exceptionally high level of €525 million in the first half year thanks to a strong trading performance. Originally RWE estimated a range of €150 million to €350 million for this business division. RWE therefore increased the outlook for Supply & Trading for FY 2021 and assumes to close the year significantly above the €350 million.

The EBITDA forecast for the other divisions is unchanged.

For RWE Group now an adjusted EBITDA of €3.0 billion to €3.4 billion (previously €2.65 billion to €3.05 billion) anticipated; adjusted EBITDA of the core business is assumed to range between €2.15 billion to €2.55 billion (previously €1.8 billion to €2.2 billion). The outlook for adjusted EBIT increased to €1.5 billion to €1.9 billion] (previously €1.15 billion to €1.55 billion) and for adjusted net income to €1.05 billion to €1.40 billion (previously €0.75 billion to €1.10 billion).

RWE will publish its interim report for the first half of 2021 on 12 August 2021.

Disclosed by Dr Ulrich Rust, General Counsel
 

30-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

RWE Aktiengesellschaft

RWE Platz 1

45141 Essen

Germany

Phone:

+49 (0)201-5179 0

Fax:

+49 (0)201-5179 5005

E-mail:

invest@rwe.com

Internet:

www.rwe.com

ISIN:

DE0007037129, Weitere ISINs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/, aufgelistet.,

WKN:

703712, Weitere WKNs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/ aufgelistet.

Listed:

Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange

EQS News ID:

1222903


 

End of Announcement

DGAP News Service

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