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RWE Aktiengesellschaft: RWE's preliminary earnings for fiscal 2020 exceeding outlook

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RWE Aktiengesellschaft / Key word(s): Preliminary Results
RWE Aktiengesellschaft: RWE's preliminary earnings for fiscal 2020 exceeding outlook

05-Feb-2021 / 10:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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.
Archive at www.dgap.de

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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