RWE Lifts 2019 Guidance After Solid 1st Half Performance
July 30 2019 - 3:49AM
Dow Jones News
By Nathan Allen
Germany's RWE AG (RWE.XE) raised its 2019 guidance Tuesday after
a solid performance in the first half of the year, the company
said.
The energy company said it now expects adjusted earnings before
interest, taxes, depreciation and amortization of 1.6 billion to
1.9 billion euros ($1.78 billion-$2.12 billion) compared with an
earlier range of EUR1.4 billion-EUR1.7 billion.
RWE's supply-and-trading division generated adjusted Ebitda of
slightly more than EUR400 million in the first six months of the
year. The division is likely to post adjusted Ebitda of
significantly above EUR300 million for the full year, compared with
a previous estimate of between EUR100 million and EUR300 million,
RWE said.
The company left guidance for its European power, and its
lignite-and-nuclear divisions unchanged.
RWE will publish complete first-half earnings on Aug. 14.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 30, 2019 03:34 ET (07:34 GMT)
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