RWE : Upside risk despite uncertainty in the short term
>No surprises on 2021 results, 2022 on a positive trend - Yesterday, RWE published 2021 earnings in line with the preliminary results released at the beginning of January (cf. our equity flash of 27 January 2022 “ Preliminary results beat expectations”). Adjusted EBITDA was € 3,650m (+11% y-o-y), adjusted EBIT was € 2,185m (+20% y-o-y) and net profit was € 1,569m (+25% y-o-y). The performance significantly beat our forecast and our expectations for the guidance annou...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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