RWE : A difficult quarter but no deterioration vs forecasts
>Q1 results a shade above forecasts - Yesterday, RWE published Q1 2021 results that came in a shade ahead of expectations. EBITDA was down 33% y-o-y, to € 883m vs € 845m forecast and EBIT was € 548m, down 43% y-o-y, vs € 485m forecast. Net profit came in at € 478m, -45% y-o-y, vs € 447m forecast. The core-business segment (excluding coal and nuclear) was, in line with results, down 47% y-o-y to € 555m (vs € 525m forecast), principally due to the negative impact of the...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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