RWE : Trading activity saves otherwise lacklustre Q1 2019 results publication
>Q1 2019 results publication saved by the trading division - Yesterday morning, RWE reported Q1 2019 results which exceeded ODDO BHF’s forecasts and those of the consensus. EBITDA came in at € 510m vs € 299m in Q1 2018 (€ 309m forecast), EBIT of € 351m vs € 171m (€ 171m forecast) and adjusted net profit totalled € 273m vs € 78m (€ 88m forecast). The good performance vs Q1 2018 is mainly due to an exceptional performance from the supply & trading business. Adjusted EBI...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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