RWE : Preliminary results beat expectations
>FY 2021 results beat forecasts - Yesterday during trading, RWE published preliminary results for FY 2021 that came in well above forecasts and the guidance that was announced in August. Adjusted EBITDA at group level was up 11% y-o-y to € 3,650m (vs guidance for between € 3.0-3.4bn and ODDO BHF at € 3,322m). The core-business segment (excluding coal and nuclear) remained at the same level as in 2020 but beat forecasts, at € 2,760m (vs guidance of between € 2.15-2.55b...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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