RWE : Encouraging results for the future
>Better-than-expected results - RWE reported a solid set of Q1 2020 results yesterday. EBITDA came to € 1,312m vs € 1,160m estimated (consensus at €1,188m). Adjusted EBIT was clearly higher than forecast, coming to € 955m vs € 785m estimated. Adjusted net profit was in line with forecasts, coming to € 603m (€ 588m ODDO BHF forecast / € 603m consensus) because it is impacted by a higher adjusted financial result stemming from the market turbulence triggered by COVID-19...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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