RWE's 2021 revenue up by 79.18% to €24.5B

Tuesday, 15. March 2022 07:04

RWE AG announced on Tuesday its external revenue in the fiscal year 2021 saw an annual rise of 79.18% to €24.5 billion. The company's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 10.94% in comparison with the previous fiscal year to €3.65 billion.

On the other hand, its net income attributable to shareholders went down by 31.4% in comparison with 2020 to €721 million. Meanwhile, its earnings per share (EPS) declined by 35.15% year-on-year to €1.07 per share.

"The past year was challenging in many respects, and thus we are even more pleased that we outperformed our financial targets," RWE's Chief Executive Officer Dr. Markus Krebber commented on the results. ". Despite the uncertain course of the conflict in Ukraine and its consequences, I am confident that we can continue to generate good earnings as was the case in 2021. [...] In this regard, one key factor will be the earnings contributions of our new wind and solar farms. As you can see, our growth strategy is paying of."

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Author:
Baha Breaking News (BBN) / JR