RWE Aktiengesellschaft
RWE Aktiengesellschaft: RWE’s preliminary earnings for fiscal 2020 exceeding outlook
RWE Aktiengesellschaft / Key word(s): Preliminary Results
Essen, 5 February 2021
According to the analysis of the preliminary results during the ongoing year-end closing process, RWE’s outlook has been exceeded. In particular, Supply & Trading performed far better towards year end than assumed. The adjusted EBITDA (Earnings before Interests, Taxes, Depreciation and Amortisation) of the RWE Group is expected to amount to €3.2 billion, exceeding the upper end of the guided range of €2.7 to €3.0 billion. The adjusted EBITDA of the core business is expected to amount to €2.7 billion and therefore above the upper end of the forecasted range of €2.15 to €2.45 billion. Adjusted EBIT for 2020 is expected to be €1.8 billion, against earnings forecast between €1.2 billion and €1.5 billion. The adjusted net income is expected to reach €1.2 billion exceeding the guidance of €0.85 to €1.15 billion. All figures are preliminary. Full results will be presented as planned on 16 March 2021. The dividend target remains at €0.85 per share for fiscal 2020. Disclosed by Dr Ulrich Rust General Counsel
05-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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: | 1166164 |
End of Announcement | DGAP News Service |
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