RWE revenue surges 122% to €10.7 billion in Q3

Thursday, 10. November 2022 07:16

RWE AG said on Thursday that its revenue for the third quarter of 2021 soared 122% year on year to reach €10.7 billion.

Net income attributable to shareholders amounted to €19 million, slumping from $1.4 billion recorded in the same period in 2021. Basic and diluted earnings per share stood at €0.03. For the first nine months of 2022, RWE's revenue was €26.9 billion and EPS stood at €3.11.

"We are fast-tracking the expansion of renewables and are rigorously implementing our Growing Green strategy," CEO Michael Mueller stated. "RWE is ready to continue investing heavily in an independent and climate-neutral energy system – more than €50 billion by 2030. RWE is actively forging ahead with the implementation of its Growing Green strategy. In the first nine months of 2022, the company expanded its green portfolio by 1.3 gigawatts (GW)," he added.

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