RWE : An encouraging strategy but lacklustre results and objectives
>2018 results a shade lower than forecast - RWE has reported stand-alone results a shade lower than our forecasts for 2018. EBITDA clocked in at € 1,521m vs € 1,553m forecast. EBIT came to € 953m vs € 983m forecast and adjusted net profit to € 591m vs € 655m forecast. Most of the gap is attributable to a less-favourable-than-expected performance in the nuclear & lignite business which was hit by further unscheduled downtime in Q4, contributing to an uninspiring perfor...RWE is an electricity and gas company. The Conventional Power Generation segment consists of the activities of RWE Power, Essent and RWE npower. The Supply/Distribution Networks Germany segment supplies electricity, gas and heat. The Supply Netherlands/Belgium segment comprises the activities of Essent in the Netherlands. The Supply United Kingdom segment comprises the operations of RWE npower. The Central Eastern and South Eastern European segment contains activities in the Czech Republic, Hungary, Poland, Slovakia, Turkey and Croatia. The Renewables, Upstream Gas & Oil and Trading/Gas Midstream segments include the activities of RWE Innogy, RWE Dea and RWE Supply & Trading, respectively.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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