Learn more

German energy group RWE on Friday announced that its fiscal 2023 preliminary adjusted earnings results are expected to exceed its outlook. Further, the dividend target remains at €1.00 ($1.08) per share for fiscal 2023. In Germany, RWE shares were losing 5% to trade at €34.77. The hydro/biomass/gas segment as well as supply & trading recorded better than expected performance in the fourth quarter. For the year, adjusted net income would be €4.54 billion, compared to outlook of €3.30 billion to €3.80 billion. Adjusted earnings before interest and taxes (EBIT) would be €6.35 billion, compared to…