RWE Aktiengesellschaft: Preliminary earnings for fiscal 2022 exceed outlook
January 25, 2023 at 10:09 am EST
Share
EQS-Ad-hoc: RWE Aktiengesellschaft / Key word(s): Preliminary Results
RWE Aktiengesellschaft: Preliminary earnings for fiscal 2022 exceed outlook
25-Jan-2023 / 16:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Essen, 25 January 2023
RWE’s good earning trend continues: In the fourth quarter of fiscal 2022, RWE’s operational performance exceeds expectations. In particular, the Hydro/Biomass/Gas segment as well as Supply & Trading performed far better towards year end than assumed. Overall, this resulted in an outperformance of the outlook for fiscal 2022, based on preliminary figures from the ongoing year-end closing process.
The following stated figures for fiscal 2022 are preliminary and unaudited:
Adjusted EBITDA of the RWE Group: € 6,310 million (outlook: €5,000 to €5,5000 million)
Adjusted EBITDA of the core business € 5,559million (outlook: €4,300 to 4,800 million)
Adjusted EBIT € 4,567 million (outlook: €3,400 to €3,900 million)
Adjusted net income € 3,228 million (outlook: €2,100 to 2,600 million)
Full results will be presented as planned on 21 March 2023.
The dividend target remains at €0.90 per share for fiscal 2022.
Disclosed by Dr Ulrich Rust
General Counsel
25-Jan-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
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.
RWE AG is one of the leading European energy groups. Net sales break down by activity as follows:
- electricity and gas trading and distribution (67,4%): electricity (193,930 GWh sold in 2022) and gas (39,479 GWh);
- renewable energy production (14.2%): wind, solar, hydroelectric and biomass energy production (156,794 GWh produced in 2022);
- fossil and nuclear power generation (2.5%).
Net sales are distributed geographically as follows: Germany (27.9%), the United Kingdom (39.3%), Europe (29.3%), North America (2.1%) and other (1.4%).
RWE AG 
