RWE : A good publication ahead of the CMD
>A good 9M 2023 publication - RWE reported a good set of earnings, beating our forecasts and those of the consensus. “Core” EBITDA grew by 62% to € 5.667bn vs € 5.279bn anticipated (€ 5.405bn for the consensus). Adjusted EBIT was € 4.626bn (+56%) vs € 4.2bn forecasts (ODDO BHF) / € 4.4bn (consensus). All told, adjusted net profit was € 3.382bn (+60%) vs € 3bn forecast (ODDO BHF) and € 3.1bn (consensus). Net debt was up but in line with forecasts at € 6.2bn after the a...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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