EnergyWatch

Germany's largest electricity producer far below expectations

German utility RWE booked a profit which was far below analyst expectations for the first nine months of the year.

The adjusted profit dropped to EUR 227 million, down from EUR 245 million in the same period one year ago. According to Bloomberg News, analysts had projected an increase to EUR 406 million.

The reason for the decline lies in the low prices in the German electricity market, writes Bloomberg News. RWE's external sales in the first nine months of the year came to EUR 33.2 billion, while analysts has expected sales to surpass EUR 35 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE criticizes Repower EU

The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.

Further reading

Related articles

Latest News

See all jobs