RWE confirmed the strong performance at the EBITDA level unveiled two weeks ago. The half-year net income is already on a par with the last full-year, and up 80% yoy. We note a strong positive on the net cash position, which improved from €0.4bn to €1.9bn over a six-month period. Trading activities and merchant generation are the obvious drivers.
Consequently, the guidance was materially upgraded: +38% for EBITDA, +57% for net income.
In other words, a cash machine.
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H1 22: cash galore confirmed
RWE confirmed the strong performance at the EBITDA level unveiled two weeks ago. The half-year net income is already on a par with the last full-year, and up 80% yoy. We note a strong positive on the net cash position, which improved from €0.4bn to €1.9bn over a six-month period. Trading activities and merchant generation are the obvious drivers.
Consequently, the guidance was materially upgraded: +38% for EBITDA, +57% for net income.
In other words, a cash machine.