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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rwe AG | TG:RWE | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.88 | 34.88 | 34.90 | 0.00 | 06:56:20 |
From Jun 2023 to Jun 2024
By Maitane Sardon
RWE on Tuesday raised its full-year guidance on the back of better-than-expected first-half earnings.
The German energy company said adjusted earnings before interest, taxes, depreciation and amortization came in at 4.5 billion euros ($4.98 billion) in the first half, while adjusted earnings before interest and taxes stood at EUR3.5 billion.
It made a net profit of EUR2.6 billion, according to preliminary figures.
The company lifted its outlook for the full year, citing a strong earnings trend during the second quarter. It said it expects group adjusted Ebitda of EUR7.1 billion to EUR7.7 billion, from EUR5.8 billion to EUR6.4 billion previously. It sees adjusted net income at EUR3.3 billion to EUR3.8 billion, compared with previous estimates of EUR2.2 billion to EUR2.7 billion.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
July 25, 2023 13:11 ET (17:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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