RWE: stock up after interim results
(CercleFinance.com) - The RWE stock is up 1.
3% in Frankfurt this morning, after the energy group's announced H1 20118 adjusted net profit of 683 million euros, down 23%, as well as adjusted EBITDA that is down 22% at 1.1 billion euros.
“The transaction with E.ON is making good progress. As one of Europe's leading electricity producers, we will have an even broader and stronger portfolio of assets," CEO Rolph Martin Schmitz adds.
RWE still expects to raise its dividend per share by 40% from 50 cents to 70 cents for 2018. It now targets FY 2018 adjusted net profit of between 500 million euros and 800 million euros, with adjusted EBITDA of between 1.4 billion and 1.7 billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3% in Frankfurt this morning, after the energy group's announced H1 20118 adjusted net profit of 683 million euros, down 23%, as well as adjusted EBITDA that is down 22% at 1.1 billion euros.
“The transaction with E.ON is making good progress. As one of Europe's leading electricity producers, we will have an even broader and stronger portfolio of assets," CEO Rolph Martin Schmitz adds.
RWE still expects to raise its dividend per share by 40% from 50 cents to 70 cents for 2018. It now targets FY 2018 adjusted net profit of between 500 million euros and 800 million euros, with adjusted EBITDA of between 1.4 billion and 1.7 billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.