RWE : Guidance confirmed after a better than expected set of 9M 18 figures
>Earnings beat forecasts and guidance confirmed - RWE's 9M 2018 results, reported yesterday, beat our expectations and those of the consensus. EBITDA came to € 1.334bn (vs Oddo BHF at € 1.311bn and consensus at € 1.318bn). EBIT totalled € 921m (vs Oddo BHF at € 883m and consensus € 905m) and recurring net profit came to € 645m (vs Oddo BHF at € 631m and consensus at € 634m). On a stand-alone basis, RWE confirmed its guidance for 2018: EBITDA of between € 1.4bn and € ...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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