RWE AG: Ad-hoc release in accordance with Art. 17 MAR – RWE’s preliminary earnings for fiscal 2020

RWE AG: Ad-hoc release in accordance with Art. 17 MAR - RWE's preliminary earnings for fiscal 2020 exceeding outlook Essen, 05 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

For any questions please contact the team of Investor Relations:

RWE Aktiengesellschaft

Investor Relations
T [phone]
RWE Platz 1
45141 Essen
Germany

Investor Relations
London Office
c/o RWE Supply & Trading
T [phone]
60 Threadneedle Street
London EC2R 8HP
United Kingdom