RWE upgrades 2022 guidance
RWE has raised its 2022 earnings guidance, sending the share up by 4 percent to EUR 38.35 Thursday before noon.
The company projects adjusted earnings before interest, taxes, depreciation and amortization of EUR 3.6-4bn against previous expectations of EUR 3.3-3.6bn.
Meanwhile, EBIT is now expected to land at EUR 2-2.4bn against EUR 1.7-2.0 previously.
At the same time, RWE forecasts a net result of EUR 1.3-1.7bn against EUR 1.1-1.4 in the previous guidance.
According to a brief press release, the upgrade is attributed to "a dynamic market environment [where, -ed.] we are able to secure higher generation margins."
Furthermore, RWE expects to pay out EUR 0.90 in dividends per share in 2022.
RWE will publish its annual accounts on March 15.
RWE: Fair to question if offshore wind should be settled by lottery
.jpg&w=384&q=75){kind=logo}