RWE : H1 2020 results in line
>A good set of results - RWE released this morning a good set of interim results. Adjusted EBITDA was up 18% to € 1,807m compared with € 1,730m expected (consensus and ODDO BHF), while adjusted EBIT was up 24% to € 1,014M (in line with expectations) and adjusted net income was € 749m (in line). Almost all of the segments posted results above expectations (except offshore wind, in line) benefiting from better wind conditions, new commissioning, reinstatement of the ca...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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