RWE missed all earnings estimates in its half-year release. Sales slightly rose by 0.2% yoy to €25.13bn which is in line with expectations due mainly to the increase in gas sales volumes. However, the earnings of the group reflect a completely different picture as margins are contracting in conventional electricity generation despite electricity generation increasing 2%, with EBITDA dropping by 7% yoy to €3.18bn, falling short of forecasts by 3.13%. Operating profit decreased by 10.
13 Aug 2015
The downward trend accelerates as generation margins shrink
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The downward trend accelerates as generation margins shrink
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
13 Aug 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
RWE missed all earnings estimates in its half-year release. Sales slightly rose by 0.2% yoy to €25.13bn which is in line with expectations due mainly to the increase in gas sales volumes. However, the earnings of the group reflect a completely different picture as margins are contracting in conventional electricity generation despite electricity generation increasing 2%, with EBITDA dropping by 7% yoy to €3.18bn, falling short of forecasts by 3.13%. Operating profit decreased by 10.