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MarketScreener Homepage  >  Equities  >  Xetra  >  RWE AG    RWE   DE0007037129

RWE AG

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RWE : Coal compensation talks with government driven by facts - RWE CEO

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08/14/2019 | 05:03am EDT

FRANKFURT (Reuters) - Talks with the German government on how to compensate utilities for a planned shutdown of their coal-fired power plants are being driven by facts, not feelings, RWE's Chief Executive Rolf Martin Schmitz told journalists on Wednesday.

"I would describe the discussions as fact-based and unemotional," he said after presenting first-half results. Schmitz said he continues to expect a deal in the second half of the year.

RWE is demanding 1.2 billion to 1.5 billion euros (£1.11 billion - £1.4 billion) of compensation per gigawatt of coal capacity it has to shut down as part of Germany's plan to exit the energy source.

(Reporting by Christoph Steitz and Vera Eckert; Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
RWE AG 0.59% 25.57 Delayed Quote.34.83%
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Financials (EUR)
Sales 2019 12 701 M
EBIT 2019 892 M
Net income 2019 865 M
Finance 2019 141 M
Yield 2019 3,13%
P/E ratio 2019 22,9x
P/E ratio 2020 12,7x
EV / Sales2019 1,15x
EV / Sales2020 0,88x
Capitalization 14 722 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 25,75  €
Last Close Price 25,60  €
Spread / Highest target 25,0%
Spread / Average Target 0,59%
Spread / Lowest Target -21,9%
EPS Revisions
Managers
NameTitle
Rolf Martin Schmitz Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Markus Krebber Chief Financial Officer
Frank-Detlef Drake VP, Head-Corporate Research & Development
Frank Bsirske Deputy Chairman-Supervisory Board
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