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RWE adjusted EBITDA €1,372 million

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Christian Fernsby |
RWE
RWE   Adjusted net income totalled €914 million

RWE ended the first half of 2019 with a very good result.

Topics: RWE

From January to June, ‘RWE stand-alone’ achieved adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) of €1,372 million, compared to €1,140 million in the same period last year.

Adjusted net income totalled €914 million compared to €683 million in the first half of 2018.

This good accomplishment was primarily driven by a strong trading performance.

Against this backdrop, the company raised its forecast as early as 30 July.

RWE now anticipates adjusted EBITDA of between €1.4 billion and €1.7 billion (previously between €1.2 billion and €1.5 billion) and adjusted net income of between €500 million and €800 million (previously between €300 million and €600 million) for the full year.

RWE confirms the outlook for the dividend: management envisages raising it for fiscal year 2019 from €0.70 to €0.80


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