Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

RWE : After Q1, the group is very comfortable with its guidance

>Q1 results above expectations - RWE yesterday reported Q1 2022 results above estimates. Adjusted EBITDA came in at € 1,460m (+65% yoy), vs € 1,333m expected by ODDO BHF and € 1,356m by the consensus. The core business EBITDA (excluding coal and nuclear) exceeded expectations, coming in up 126% at € 1,253m (vs € 1,103m expected by ODDO BHF and € 1,124m by the consensus), benefiting from the good performance of Onshore/Solar and Offshore activities. See detail by divi...
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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