Report
Khaled Ben Amor ...
  • Louis Boujard, CFA
  • Philippe Ourpatian

RWE : H1 2019 results preview A very good publication anticipated, buoyed by supply & trading. Target price of € 23.90 vs € 23.60

>Interim results forecast up, buoyed by supply & trading - RWE is due to report its H1 2019 earnings on 14 August. Overall, we expect EBITDA to grow by 19% to € 1.355bn EBIT up to € 1. 031bn and adjusted net profit to increase by 29% to € 883m. In detail, the group's earnings will likely be underpinned by an exceptional performance in the supply & trading business, with an expected EBITDA of € 410m (+€ 309m y-o-y). However, other activities are expected to reflect a d...
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
Khaled Ben Amor

Louis Boujard, CFA

Philippe Ourpatian

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