The group has posted weak 9-month results slightly below expectations with revenues falling €5.2% yoy to €33.21bn, with EBITDA reaching €3.8bn and operating income at €2.1bn, which represents -13% yoy and -20% yoy respectively. The major impact came from the financial result, driven by an underperformance in financial securities disposals pushing this above expectations to -€1.4bn, negatively impacting the bottom-line results and pushing adjusted net income to a contr
14 Nov 2016
Trading continues to hurt results; guidance maintained
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Trading continues to hurt results; guidance maintained
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
14 Nov 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
The group has posted weak 9-month results slightly below expectations with revenues falling €5.2% yoy to €33.21bn, with EBITDA reaching €3.8bn and operating income at €2.1bn, which represents -13% yoy and -20% yoy respectively. The major impact came from the financial result, driven by an underperformance in financial securities disposals pushing this above expectations to -€1.4bn, negatively impacting the bottom-line results and pushing adjusted net income to a contr