logo
Plus   Neg
Share
Email

RWE Sees Lower FY Earnings

German utility firm RWE AG (RWEOY.PK) said that it expects to see a decline in earnings this year.

In 2019, adjusted EBITDA for 'RWE stand-alone' is expected to come in at 1.2 billion euros to 1.5 billion euros. It forecasts adjusted net income of 300 million euros to 600 million euros.

By the end of 2020, the company plans to recommission Claus C gas-fired plant in the Dutch city of Maasbracht, which has been mothballed since 2014. This station has a net capacity of 1,300 MW and meets the highest efficiency standards, with a rating of 58 percent.

The Executive Board and the Supervisory Board will propose a dividend of 70 cents for common and preferred shares for fiscal 2018.

In 2019, the company intends to raise the dividend again, this time to 80 cents.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tour operator TUI AG Tuesday said Summer 2020 and Winter 2020/21 capacity reduced as a result of recent volatile changes in travel restrictions amid Covid-19 pandemic. The company further announced the launch of Global Realignment Programme, aiming to permanently reduce overhead cost base by 30%. The program potentially impacts 8,000 roles. Home improvement retailer Lowe's Companies Inc. plans to install pickup lockers at all U.S. stores aiming to improve contactless delivery for online buyers amid worsening Covid-19 spread. The "Buy Online Pickup in Store" self-service lockers at its more than 1,700 stores will be available by the end of March 2021. In most major metro markets, the online pickup option will be installed by Thanksgiv Chevrolet, a General Motors division, announced several new mechanical and technological updates for the 2021 model of its fast selling Chevrolet Silverado 1500 light duty pickup trucks. The 2021 Silverado 1500 will begin production in September and arrive at Chevrolet dealerships throughout fall 2020.
RELATED NEWS
Follow RTT