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
The Federal Trade Commission (FTC) is in the process of sending out refund checks to consumers who were allegedly misled by Office Depot, Inc. and its software provider Support.com, Inc., into buying computer repair products and services. Out of $34 million, being the total amount of checks, Office Depot paid $25 million and Support.com paid $10 million as part of 2019 settlement. Gap Inc. partnered with fashion resale platform thredUP to facilitate the exchange of secondhand cloths. The retailer in a blog post said its customers can bring secondhand clothes in exchange for shopping credit that can be redeemed at Gap, Banana Republic, Athleta, or Janie and Jack. Customers who redeem their credits at Gap brands will receive an additional 15 percent payout bonus. Coca-Cola Co. (KO) on Friday reaffirmed its guidance for the full-year 2020 and provided an update on the expected impact from COVID-19 on first quarter 2020 results, ahead of its presentation at the Consumer Analyst Group of New York (CAGNY) Conference. For fiscal 2020, the company continues to project...
Follow RTT
>