Given the positive first quarter results, the group had a difficult second one as it missed all the market forecasts with revenues decreasing 3.8% yoy to €23.9bn, with EBITDA contracting 5.5% yoy to €3.11bn and the operating result falling 7.2% yoy to €1.88bn, both below market consensus. The major reason for this was the poor performance of the trading division that had a relatively strong first quarter and significant losses in the second, which is now expected to be below th
11 Aug 2016
Trading backfires, but generation and UK improve; cash flow continues to suffer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading backfires, but generation and UK improve; cash flow continues to suffer
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
11 Aug 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Given the positive first quarter results, the group had a difficult second one as it missed all the market forecasts with revenues decreasing 3.8% yoy to €23.9bn, with EBITDA contracting 5.5% yoy to €3.11bn and the operating result falling 7.2% yoy to €1.88bn, both below market consensus. The major reason for this was the poor performance of the trading division that had a relatively strong first quarter and significant losses in the second, which is now expected to be below th