Adjusted EBITDA increased by 18%, to €1.8bn, but mainly thanks to good weather for offshore wind in Q1 20. Mechanically, EBIT increased by a third, to €1.1bn. In all, it is a good publication, but it only confirms Q1 20, without much new news. Even if the group is well on track to achieve its FY20 and long-term targets, we consider the share to be overvalued.
13 Aug 2020
H1 20 - on track to meet FY20 guidance
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H1 20 - on track to meet FY20 guidance
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
13 Aug 2020 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
Adjusted EBITDA increased by 18%, to €1.8bn, but mainly thanks to good weather for offshore wind in Q1 20. Mechanically, EBIT increased by a third, to €1.1bn. In all, it is a good publication, but it only confirms Q1 20, without much new news. Even if the group is well on track to achieve its FY20 and long-term targets, we consider the share to be overvalued.