RWE delivers "very good results" in Q1

The German utility more than doubles its bottom-line result, not least thanks to advances in the solar and wind divisions. However, RWE has had to write off approximately EUR 850m as part of a contract for Russian coal.

Photo: RWE

Revenue grew by more than EUR 3bn, while adjusted earnings before interest, taxes, depreciations and amortizations have more than doubled. The same goes for the bottom line.

The strong performance prompts RWE to announce that the company has achieved ”very good” results in Q1 2022.

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