Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. RWE AG
  6. News
  7. Summary
    RWE   DE0007037129

RWE AG

(RWE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

RWE AG: Ad-hoc release in accordance with Art. 17 MAR – RWE raises Group earnings forecast

07/30/2021 | 03:29am EDT
RWE AG: Ad-hoc release in accordance with Art. 17 MAR - RWE raises Group earnings forecast for fiscal 2021 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

For any questions please contact the team of Investor Relations:

RWE Aktiengesellschaft

Investor Relations
T +49 (0) 201-5179-5391
RWE Platz 1
45141 Essen
Germany

Investor Relations
London Office
c/o RWE Supply & Trading

T +44 (0) 20 7015 5453
60 Threadneedle Street
London EC2R 8HP
United Kingdom

Disclaimer

RWE AG published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 07:28:08 UTC.


© Publicnow 2021
All news about RWE AG
09:12aRWE : qualified as bidder for French floating offshore wind project in South Bri..
PU
09/15EXCLUSIVE : Activist Bluebell urges Solvay's board to oust CEO over sea discharg..
RE
09/15Activist Bluebell urges Solvay's board to oust CEO over sea discharge
RE
09/15NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
09/14ADRs Finish Lower; RedHill Biopharma, Pandora Among Companies Actively Tradin..
DJ
09/14Energy Shares Tumble Even as Oil Prices Settle Flat -- Energy Roundup
DJ
09/14RWE : Sofia windfarm launches educational resources with Tees Valley Education
PU
09/14UK Labor Market Showed Strength in Summer; Challenges Ahead
DJ
09/14London Stocks Fall, Led by Miners, Ocado
DJ
09/14BERNARD LOONEY : BP names Dotzenrath to lead renewables growth after Sanyal depa..
RE
More news
Analyst Recommendations on RWE AG
More recommendations
Financials
Sales 2021 14 142 M 16 625 M 16 625 M
Net income 2021 1 441 M 1 694 M 1 694 M
Net Debt 2021 878 M 1 033 M 1 033 M
P/E ratio 2021 15,4x
Yield 2021 2,77%
Capitalization 22 004 M 25 887 M 25 867 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,52x
Nbr of Employees 19 075
Free-Float 92,0%
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | RWE | DE0007037129 | MarketScreener
Technical analysis trends RWE AG
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 32,54 €
Average target price 40,94 €
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Markus Krebber Chief Executive Officer
Michael Müller Chief Financial Officer
Werner Brandt Chairman-Supervisory Board
Frank Bsirske Deputy Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
RWE AG-5.87%26 003
NATIONAL GRID PLC10.95%48 043
SEMPRA5.04%43 671
ELECTRICITÉ DE FRANCE-16.32%40 255
E.ON SE21.87%34 036
ENGIE-5.99%33 616