The Q3 results confirm the difficult times faced by the group despite a substantial improvement in the renewables division. EBITDA decreased by 6% ytd to €4.4bn and the operating result fell by 9% to €2.6bn, both in line with expectations. Reported net income reached €1.9bn due mainly to the disposal of the E&P division. However, on an adjusted basis, net income decreased by 28.5% ytd to €545m which is 8% short of expectations. Net debt decreased by €5.2bn due to
12 Nov 2015
The downward trend accelerates, the UK continues to worry
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
The downward trend accelerates, the UK continues to worry
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
12 Nov 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The Q3 results confirm the difficult times faced by the group despite a substantial improvement in the renewables division. EBITDA decreased by 6% ytd to €4.4bn and the operating result fell by 9% to €2.6bn, both in line with expectations. Reported net income reached €1.9bn due mainly to the disposal of the E&P division. However, on an adjusted basis, net income decreased by 28.5% ytd to €545m which is 8% short of expectations. Net debt decreased by €5.2bn due to