The energy group RWE has confirmed its forecasts and dividend target after the first nine months of the year.
The adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) shrank from around four billion euros to 3.5 billion euros from January through the end of September, Germany's largest electricity producer announced on Wednesday. The company cited a weaker trading business and losses in renewable energy production due to less favorable wind conditions as key reasons. For the full year, RWE continues to target an Ebitda between 4.55 and 5.15 billion euros.
(Report by Tom Käckenhoff, edited by Sabine Wollrab. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).
