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RWE Q1 Adj. Net Income Rises; Confirms FY Outlook - Quick Facts

German utility firm RWE AG (RWEOY.PK) reported that its first-quarter adjusted net income rose to 273 million euros, from last year's 78 million euros, primarily driven by an outstanding trading performance.

'RWE stand-alone' reported adjusted EBITDA or earnings before interest, taxes, depreciation and amortisation of 510 million euros, compared to 299 million euros in the same period last year.

RWE still expects to achieve adjusted EBITDA of between 1.2 billion euros and 1.5 billion euros and adjusted net income of between 300 million euros and 600 million euros for fiscal year 2019. In view of the positive overall business trend and improving medium-term earnings prospects, the company reaffirmed its dividend outlook. It envisages raising the dividend for 2019 from 0.70 euros to 0.80 euros.

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