RWE : Unexpected results that were well received
>No change in guidance… for now - RWE reported preliminary Q1 2023 earnings yesterday, two weeks before the scheduled publication date. We had not yet published our estimates, but the figures were considerably higher than what we would have reasonably expected, and yet management decided to maintain its guidance for 2023. We are raising our estimates, which are now higher than the group’s guidance. We think management will probably upgrade guidance when H1 results are...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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