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RWE posts 9-month core earnings above expectations on favourable conditions

By Reuters News

Nov 11 (Reuters) - RWE RWEG.DE, Germany's biggest power producer, posted adjusted core earnings for the first nine months of the year that beat expectations on Wednesday, on more favourable wind conditions.

It reported adjusted core earnings of €4.58 billion ($5.11 billion), compared with analyst expectations of €4.43 billion, according to a company-provided poll.

Here are more details:

  • The company also confirmed full-year guidance, as it expects adjusted earnings before interests, taxes, depreciation and amortization of €5.75-6.35 billion

  • It added earnings were expected to be towards the upper end of the forecast range

  • RWE confirmed too its dividend target of €1.32 per share

($1 = 0.8957 euros)

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