RWE Issues Outlook For 2016 And 2017 For RWE International SE

Essen

The segments Grid and Infrastructure, Retail and Renewables are combined in RWE International SE in preparation for an IPO. The company currently expects RWE International SE to account for EBITDA of 4.1 to 4.4 billion euros in fiscal 2016.

Grid and Infrastructure: EBITA up to 2.7 billion euros The contributions to EBITDA by the individual segments are anticipated to be as follows: 2.5 to 2.7 billion euros by the Grid & Infrastructure segment, 1.0 to 1.2 billion euros by the Retail segment, and 0.6 to 0.8 billion euros by the Renewables segment. The company expects RWE International SE to achieve EBITDA of 4.3 to 4.7 billion euros in fiscal 2017.

RWE AG's total earnings will also depend on the earnings contributed by the Conventional Power Generation and Trading/Gas Midstream reporting segments. Expectations for 2016 concerning the group as a whole remain unchanged: 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.

Source: IWR Online, 01 Aug 2016