- RWE reported an adjusted Ebit of EU6.35 billion, marking a 39% increase year on year.
- The company’s offshore wind adjusted Ebitda was EU1.66 billion, which is an 18% increase from the previous year and slightly above the estimate of EU1.64 billion.
- Onshore wind and solar adjusted Ebitda was EU1.25 billion, a 51% increase year on year, but slightly below the estimate of EU1.28 billion.
- Hydro, biomass, and gas adjusted Ebitda was EU3.19 billion, a 35% increase year on year, and higher than the estimate of EU3.04 billion.
- The supply and trading adjusted Ebitda was EU1.58 billion, a 36% increase year on year and above the estimate of EU1.49 billion.
- Coal and nuclear adjusted Ebitda was EU705 million, a decrease of 6.1% year on year, and below the estimate of EU753.6 million.
- The company’s adjusted net income was EU4.54 billion, a 39% increase year on year.
- RWE forecasts its adjusted EBITDA to be at the lower end of the EU5.2 billion to EU5.8 billion range in 2024.
- The company also sees its adjusted net income of the core business at the lower end of the EU1.9 billion to EU2.4 billion range in 2024.
- The dividend for the current fiscal year is expected to be raised to EU1.10 per share.
A look at RWE Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
RWE Aktiengesellschaft, a leading energy company, has a positive long-term outlook according to the Smartkarma Smart Scores. The company received a score of 5 for value, indicating that it is currently undervalued in the market. This bodes well for investors as RWE may offer potential for growth in the future. The company also scored a 4 for dividend, indicating that it has a stable track record of paying out dividends to its shareholders. This can be attractive for investors looking for a steady source of income.
RWE’s growth potential was also highlighted, receiving a score of 5 in this category. This is due to the company’s capacity of 10 gigawatts from renewable sources, as well as its gas fleet and active energy trading business. This positions RWE well for growth in the rapidly expanding renewable energy sector. With a score of 4 for resilience, RWE is also seen as a stable and reliable company. However, the company scored a 3 for momentum, indicating that it may not be experiencing significant growth in the short term. Overall, RWE’s high scores in value, dividend, and growth suggest a promising long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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