RWE: optimistic regarding annual targets.
(CercleFinance.com) - On unveiling its interim results, RWE said that it expects to end the year close to the upper limit of its target ranges, meaning adjusted EBITDA of between 5.
4 billion euros and 5.7 billion euros, with adjusted net income of between 1 billion euros and 1.3 billion euros.
Over the first six months of 2017, the German energy group saw its adjusted net income - excluding the refund of the tax on nuclear fuel after the court decision in early June - increase by over a third to 809 million euros.
RWE's adjusted EBITDA increased by 7% to 3.2 billion euros, with positive contributions from all business segments, while its net debt decreased by 1.2 billion euros over six months to reach 21.5 billion euros at the end of June.
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4 billion euros and 5.7 billion euros, with adjusted net income of between 1 billion euros and 1.3 billion euros.
Over the first six months of 2017, the German energy group saw its adjusted net income - excluding the refund of the tax on nuclear fuel after the court decision in early June - increase by over a third to 809 million euros.
RWE's adjusted EBITDA increased by 7% to 3.2 billion euros, with positive contributions from all business segments, while its net debt decreased by 1.2 billion euros over six months to reach 21.5 billion euros at the end of June.
Copyright (c) 2017 CercleFinance.com. All rights reserved.