RWE's H1 EPS at €2.12, up 28.5% YoY

Thursday, 12. August 2021 07:10

RWE AG revealed on Wednesday that its earnings per share (EPS) for the first half of the fiscal year climbed 28.5% when compared to the same period last year to €2.12.

For the same period, the company's external revenue, excluding natural gas tax and electricity tax, surged 30.4% from last year's €6.5 billion to this year's €8.5 billion. Finally, adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) declined 4.5% year-on-year to €1.75 billion and net income stood at €1.4 billion for a yearly gain of 41.4%.

Markus Krebber, CEO of RWE AG, commented on the report: "The transformation of RWE is progressing swiftly. In the first half of the year, we invested €1.8 billion gross in renewables, which was twice as much as in the first six months of 2020. This year we will commission new wind farms and solar plants as well as storage systems with 1.8 gigawatts, with a further 2.1 gigawatts to follow next year. This will take us to our target of more than 13 gigawatts by the end of 2022."

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