Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

RWE : No major revelations ahead of the CMD on Monday

>9M a shade above forecasts - Yesterday, RWE published 9M 2021 results that came in a shade above forecasts. Adjusted EBITDA at group level was up 6% y-o-y, to € 2,397m, vs our forecast of € 2,310m and € 2,335m for the consensus. The core business segment (excl. coal and nuclear) came in, as expected, down 11% to € 1,677m (vs € 1,644m forecast by ODDO BHF and the consensus). EBIT was also up 13% y-o-y to € 1,339m vs € 1,230m forecast (consensus at € 1,258m). See det...
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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