Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

RWE : Q1 2019 results preview. Earnings forecast stable and volumes down. Neutral vs Buy

>Q1 2019 results forecast relatively stable vs Q1 2018 - RWE is due to report its Q1 2019 earnings on 15 May. Overall, we expect EBITDA to grow by 3.0% to € 309m, EBIT to remain stable at €171m and adjusted net profit to rise by 13% to € 88m. In detail, the group will likely suffer from several factors weighing on volumes but which will be partially offset by positive price effects as well as a positive base effect on trading. Given our estimates for Q1, we believe th...
Underlying
RWE AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

ResearchPool Subscriptions

Get the most out of your insights

Get in touch