A positive start of the year for the company even if revenues fell 6% yoy to €13.65bn, which is in line with expectations, but EBITDA rose 5% to €2.31bn beating forecasts mainly driven by an unusually high trading performance. Operating income followed the same path helped by lower depreciation expenses to a 7.1% yoy increase. However, higher financial expenses and lower contribution from minorities pushed adjusted net income to €857m, which is a 2.3% yoy decrease but is 29% be
12 May 2016
Trading and one-offs boost results; cash flow suffers; guidance maintained
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Trading and one-offs boost results; cash flow suffers; guidance maintained
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
12 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
A positive start of the year for the company even if revenues fell 6% yoy to €13.65bn, which is in line with expectations, but EBITDA rose 5% to €2.31bn beating forecasts mainly driven by an unusually high trading performance. Operating income followed the same path helped by lower depreciation expenses to a 7.1% yoy increase. However, higher financial expenses and lower contribution from minorities pushed adjusted net income to €857m, which is a 2.3% yoy decrease but is 29% be