RWE confirms earnings forecast for 2015
Profit RWE down in first half of 2015
During the first half of 2015, RWE’s EBITDA fell, in line with expectations, by 7% year on year to EUR 3.2 billion, while its operating result was down 11% to EUR 2.0 billion. The main contributing factor was the continued decline in margins in conventional electricity generation. Energy supply showed a positive trend, contributing EUR 614 million Europe-wide to the operating result (previous year: EUR 589 million). Here, gas sales were positively influenced by the normalisation of temperatures compared to the very mild weather in the same period last year. However, a counteracting effect was felt by burdens caused by unexpected operational and technical problems in the UK supply business.