RWE Aktiengesellschaft: Preliminary earnings for fiscal 2023 exceed outlook
January 26, 2024 at 06:30 am
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EQS-Ad-hoc: RWE Aktiengesellschaft / Key word(s): Preliminary Results
RWE Aktiengesellschaft: Preliminary earnings for fiscal 2023 exceed outlook
26-Jan-2024 / 12:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Based on preliminary figures, RWE will exceed its outlook for fiscal 2023. In particular, the Hydro/Biomass/Gas segment as well as Supply & Trading performed in the fourth quarter of fiscal 2023 better than expected.
The following stated figures for fiscal 2023 are preliminary and unaudited:
Adjusted EBITDA of the RWE Group: € 8,378 million (outlook: €7,100 to €7,7000 million)
Adjusted EBITDA of the core business: € 7,673 million (outlook: €6,300 to €6,900 million)
Adjusted EBIT € 6,349 million (outlook: €5,000 to 5,600 million)
Adjusted net income € 4,536 million (outlook: €3,300 to €3,800 million)
(Definitions of the key earnings indicators are provided in the Annual Report 2022 on page 26.)
Full results will be presented as planned on 14 March 2024.
The dividend target remains at 1.00 € per share for fiscal 2023.
Disclosed by
Dr Ulrich Rust
General Counsel
End of Inside Information
26-Jan-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
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.
RWE AG is one of the leading European energy groups. Net sales break down by activity as follows:
- electricity and gas trading and distribution (67,4%): electricity (193,930 GWh sold in 2022) and gas (39,479 GWh);
- renewable energy production (14.2%): wind, solar, hydroelectric and biomass energy production (156,794 GWh produced in 2022);
- fossil and nuclear power generation (2.5%).
Net sales are distributed geographically as follows: Germany (27.9%), the United Kingdom (39.3%), Europe (29.3%), North America (2.1%) and other (1.4%).