The energy supplier RWE started the year better than analysts expected despite a general decline in operational results. In the first quarter, RWE posted an operating result of 1.71 billion euros, which is more than a quarter below the previous year's figure of 2.3 billion euros. Nevertheless, this value exceeded market expectations, as analysts had predicted an even stronger decline. The adjusted group net income fell to 801 million euros, representing a decline of almost 40 percent, but still above forecasts.
The Offshore and Onshore Wind Power Generation Segment Showed Particularly Satisfactory Development, with Operating Profits Increasing. Flexible Generation, Including Hydropower, Biomass, and Gas, as well as Energy Trading, Showed a Decline. RWE's CFO, Michael Müller, Mentioned a Good First Quarter in Which Investments Paid Off. Despite the Challenging Market Environment, the Company Confirmed its Annual Outlook.
RWE Announces Revenue Fell by 3.3 Percent to Just Over 5.1 Billion Euros in the First Quarter, Within Analysts' Expectations. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) Decreased by 8.4 Percent to 1.45 Billion Euros. RWE's Share Price Reacted Positively in Pre-market Trading, with an Increase of 0.83 Percent to 158.75 Euros. This Suggests that Investors Value the Company's Ability to Hold its Ground in a Volatile Energy Market and Implement its Strategic Initiatives.
