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RWEG.DE on Xetra

26 Sep 2017
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€0.17 (+0.91%)
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Latest Key Developments (Source: Significant Developments)

RWE AG confirms FY 2016 outlook
Tuesday, 8 Mar 2016 01:00am EST 

RWE AG:Confirms outlook for 2016, expects EBITDA of 5.2-5.5 billion euros, operating profit of 2.8-3.1 billion euros, adjusted net income of 0.5-0.7 billion euros.Expects lower profits in 2016 due to ongoing decline in margins in conventional power generation.  Full Article

RWE AG's npower plans to cut around 2,500 jobs - Sky News - Reuters News
Sunday, 6 Mar 2016 04:38am EST 

RWE AG:RWE's British unit npower plans to cut around 2,500 jobs as it seeks to improve its financial performance, Sky News reported on Sunday, citing unidentified sources. - RTRS.RWE said in a trading update in November that npower had lost around 200,000 customers in Britain since the start of the year, sending the division to an unexpected operating loss of 66 million euros ($73 million) during the first nine months of 2015.In December it was fined 26 million pounds ($37 million), the largest ever fine for a British power utility, after overcharging customers and improperly handling customer complaints.Npower, which employs around 9,700 staff according to its website, was not immediately available to comment.  Full Article

RWE unit takes over customer portfolio of Hungarian company TIGÁZ
Thursday, 25 Feb 2016 05:00am EST 

RWE AG:RWE subsidiary ELMŰ-ÉMÁSZ takes over customer portfolio of Hungarian company TIGÁZ, a subsidiary of Italian energy utility Eni.  Full Article

RWE AG to propose FY 2015 dividend, issues FY 2016 outlook in line with analysts' estimates
Wednesday, 17 Feb 2016 03:16am EST 

RWE AG:To propose dividend of 0.13 euros per preferred share and suspension of dividend for ordinary shares​.For 2016, expects EBITDA of 5.2 to 5.5 billion euros, operating result of 2.8 to 3.1 billion euros and adjusted net income of 0.5 to 0.7 billion euros.FY 2016 EBITDA 5,539 million euros - Thomson Reuters I/B/E/S.FY 2016 operating income 3,094 million euros - Thomson Reuters I/B/E/S.FY 2016 net income 657.12 million euros - Thomson Reuters I/B/E/S.  Full Article

RWE AG rejects fresh calls for end to coal generation - Reuters
Monday, 18 Jan 2016 09:52pm EST 

RWE AG:RWE , rejected on Tuesday fresh calls from opposition parties and environmentalists to phase out coal power generation - RTRS.The discussion over the technology's damaging carbon emissions was given fresh impetus by the multi-nation climate protection deal struck in Paris last month, resulting in renewed calls on the German government to exit coal in parallel to nuclear energy, which will be abandoned by 2022. - RTRS."I think the whole debate (about exiting coal) is unnecessary," RWE Chief Operating Officer Rolf Martin Schmitz told Reuters on the sidelines of an industry event about the country's strategy to shift away from conventional energy towards renewables, called the Energiewende. - RTRS.The utilities have stressed that steps undertaken in 2015 to move domestic brown coal plants into a reserve scheme later this decade, as well as dismal power generation profits, were sufficient to see the gradual end of coal burning. - RTRS.  Full Article

RWE and E.ON jointly sell their minority stakes in the Luxembourg utility Enovos
Tuesday, 22 Dec 2015 07:00pm EST 

RWE AG:RWE and E.ON have yesterday signed agreement to jointly sell their respective 18.4 pct and 10 pct shareholding in Luxembourg utility Enovos International S.A. to a consortium led by Grand Duchy of Luxembourg and Ardian.Transaction is expected to close in the first quarter of 2016.Parties agreed to not disclose the purchase price.  Full Article

RWE AG could sell British business Npower-CFO - Reuters
Friday, 20 Nov 2015 02:16pm EST 

RWE AG:RWE could consider pulling out of Britain if it can't find a way to turn around its Npower business, which has suffered a rapid loss of customers, its chief financial officer told Reuters - RTRS.Bernhard Guenther, RWE's CFO since 2013, said in the interview it would take at least until 2017 for Npower to return to profit from an expected mid double-digit million-euro loss this year. Investors have questioned whether it is worth keeping - RTRS.Guenther said in the interview the company was aiming to come up with a plan for how to fix the unit by next March and to bring down its losses in 2016 compared with 2015- RTRS.Guenther added there was room to improve Npower's profitability through other measures. "There are too many employees when compared with customers and profitability." - RTRS.  Full Article

RWE confirms earnings forecast for FY 2015
Wednesday, 11 Nov 2015 07:00pm EST 

RWE AG:Confirms earnings forecast for FY 2015.Maintains forecast of an operating result between 3.6 billion and 3.9 billion euros.Expects adjusted net income to end up in forecast range, i.e. between 1.1 billion and 1.3 billion euros, even if only just.FY 2015 net income estimate 1.23 billion euros - Thomson Reuters I/B/E/S.  Full Article

UPDATE 2-Kurdistan pays $1 bln to Dana Gas, partners to settle London case

* KRG working on improving finances ahead of referendum (Adds context, background)