Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

RWE : Encouraging outlook in a challenging context

>2019 results in line with forecasts - RWE's 2019 results, reported yesterday morning, were in line with our estimates and those of the consensus. EBITDA (stand alone) came to € 2.106bn (+38.5% y-o-y), vs ODDO BHF at € 1.907bn and a consensus of € 2.012bn, EBIT to € 1.267bn (+33.0% y-o-y) vs € 1.254bn expected by ODDO BHF and € 1.365bn by the consensus, and adjusted net income to € 1.21bn (+105% y-o-y) vs € 960m and € 1.07bn expected by the ODDO BHF and the consensu...
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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