RWE : Solid results bode well going forward
>Q1 2024 results beat expectations - RWE's Q1 2024 results, reported yesterday, beat expectations. EBITDA came in at € 1.709bn, (-26%) vs € 1.57bn expected (€ 1.569bn css). Adjusted EBIT fell by 34% to € 1.22bn vs € 1.07bn expected (ODDO BHF) / € 1.048bn (css). Adjusted net income came in at € 801m (vs € 1.315bn y-o-y) up relative to our expectations at € 654m and € 646m (css). All the divisions were in line with expectations, except for trading which posted € 251m (...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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