Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

RWE : A good performance in line with expectations

>Interim results a shade above our expectations - RWE released H1 2021 results yesterday that came in a shade ahead of expectations. Adjusted group EBITDA was down 4.5% y-o-y to € 1,751m vs € 1,742m forecast by ODDO BHF and € 1,719m by the consensus. The core business activities (excl. coal and nuclear) came in as expected, down 20.8% to € 1,206m (vs € 1,232m forecast by ODDO BHF and € 1,200m by the consensus), mainly due to one-offs incurred as a result of the cold ...
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

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