1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. RWE AG
  6. News
  7. Summary
    RWE   DE0007037129

RWE AG

(RWE)
  Report
Real-time Estimate Tradegate  -  12:26 2022-08-19 pm EDT
42.99 EUR   +0.17%
07:50aFactbox-Germany's efforts to tackle energy crisis
RE
08/18Explainer-Could Germany keep its nuclear plants running?
RE
08/17Electric Company RWE Sees Oversubscription In Maiden Bond Offering Since May
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

RWE to rethink UK investments if it proceeds with tax on power firms- FT

06/26/2022 | 05:29pm EDT
FILE PHOTO: RWE holds capital markets day

(Reuters) - German utility RWE AG's head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday.

RWE, Germany's largest power producer, last year had announced a plan to invest as much as 15 billion pounds ($18.39 billion) in green technologies and infrastructure in Britain by 2030.

Since then, energy companies have profited from high prices following Russia's invasion of Ukraine, and British finance minister Rishi Sunak has said that the government was looking at profits in the power generation industry, when asked about a possible windfall tax.

RWE's Chief Executive Officer Markus Krebber on Sunday reiterated the firm's investment commitment in Britain for now, but said his company will reconsider if things change.

"If the environment changes -- and part of that is of course the regulatory framework and political decisions -- everybody would reconsider," he told the Financial Times.

Britain has already announced a separate 25% windfall tax on oil and gas producers' profits, alongside a 15 billion pound ($18.9 billion) package of support for households struggling to meet soaring energy bills.

($1 = 0.8155 pounds)

(Reporting by Shubham Kalia in Bengaluru; Editing by Daniel Wallis)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.91% 97.58 Delayed Quote.19.28%
RWE AG 0.40% 43.08 Delayed Quote.20.13%
WTI 1.17% 91.824 Delayed Quote.20.45%
All news about RWE AG
07:50aFactbox-Germany's efforts to tackle energy crisis
RE
08/18Explainer-Could Germany keep its nuclear plants running?
RE
08/17Electric Company RWE Sees Oversubscription In Maiden Bond Offering Since May
MT
08/17RWE : deploys innovative foundations to support first turbines on Rea onshore wind farm in..
PU
08/17Germany Denies Reported Extension of Last Nuclear Power Plants
MT
08/16Germany secures LNG supply commitments as Russia sees new gas price surge
RE
08/16Germany says undecided on nuclear plants extension
RE
08/16Germany secures LNG supply commitments as Russia sees new gas price surge
RE
08/16Germany Inks Supply Deals with Gas Importers for Floating LNG Terminals
MT
08/16Germany signs deal with gas firms to supply two floating LNG terminals
RE
More news
Analyst Recommendations on RWE AG
More recommendations
Financials
Sales 2022 28 999 M 29 396 M 29 396 M
Net income 2022 2 101 M 2 130 M 2 130 M
Net Debt 2022 3 932 M 3 986 M 3 986 M
P/E ratio 2022 14,1x
Yield 2022 2,12%
Capitalization 29 016 M 29 414 M 29 414 M
EV / Sales 2022 1,14x
EV / Sales 2023 1,38x
Nbr of Employees 18 201
Free-Float 92,9%
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RWE AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 42,91 €
Average target price 50,79 €
Spread / Average Target 18,4%
EPS Revisions
Managers and Directors
Markus Krebber Chief Executive Officer
Michael Müller Chief Financial Officer
Werner Brandt Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Ullrich Sierau Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
RWE AG20.13%29 414
SEMPRA ENERGY28.85%53 571
NATIONAL GRID PLC10.16%51 290
ELECTRICITÉ DE FRANCE20.69%45 140
ABU DHABI NATIONAL ENERGY COMPANY-3.79%38 876
PUBLIC SERVICE ENTERPRISE GROUP, INC.3.99%34 616