Prior to the FY16 results, RWE has decided to publish an unexpected trading update in which it says that the company had a net loss of €5.7bn for FY16, being impacted by multiple one-offs such as the €4.3bn impairment charges mainly attributable to the generation power portfolio. In addition to this, the group has booked the €1.8bn risk payment for nuclear waste provisions and -€0.8bn on hedging derivatives. No dividend will be paid once again for common shareholders, but
22 Feb 2017
One-offs hurt profits; no dividend payment for common shares in 2016
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
One-offs hurt profits; no dividend payment for common shares in 2016
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
22 Feb 2017 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Prior to the FY16 results, RWE has decided to publish an unexpected trading update in which it says that the company had a net loss of €5.7bn for FY16, being impacted by multiple one-offs such as the €4.3bn impairment charges mainly attributable to the generation power portfolio. In addition to this, the group has booked the €1.8bn risk payment for nuclear waste provisions and -€0.8bn on hedging derivatives. No dividend will be paid once again for common shareholders, but