RWE has said adjusted EBITDA for its offshore winddivision has increased by 11% to 1069m,compared with the pro forma result for previous year.<\/p>\n
The boardattributed the rise in its preliminary results to very good wind conditions in the first quarter of 2020.<\/p>\n
Adjusted EBITDA foronshore wind and solar improvedby 7% to 472m, compared to pro forma result 2019. <\/p>\n
This was mainly due to new assets taken into operation. <\/p>\n
Because of the Covid-19 pandemic, the commissioning of some plants has been delayed, in particular in the US. <\/p>\n
Furthermore, wind conditions in the fourth quarter were particularly weak. <\/p>\n
Overall, RWE expects adjusted EBITDA totop 3.2bn and adjusted EBIT to be 1.8bn.<\/p>\n
Chief financial officer Markus Krebber said: \"Due to a very good operational performance, we expect an excellent result for fiscal 2020, which exceeds our guidance significantly. <\/p>\n
\"This is mainly driven by an extraordinarily strong performance of Supply & Trading. <\/p>\n
\"We have also expanded our portfolio in wind and solar power plants, thus delivering on our growth strategy. <\/p>\n
\"In times like this when we globally and personally might face challenges from the Covid-19 pandemic, I am more than grateful for the commitment of our employees and their outstanding dedication.<\/p>\n
\"We confirm our dividend target of 0.85 per share for fiscal 2020 and we will propose this to our Annual General Meeting on 28 April 2021, which will be held virtually.\"<\/p>\n
All figures are preliminary, with the final figures for fiscal 2020 to be released on 16 March 2021. <\/p>\n
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RWE forecasts 11% rise in offshore wind profits - reNEWS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" RWE has said adjusted EBITDA for its offshore winddivision has increased by 11% to 1069m,compared with the pro forma result for previous year. The boardattributed the rise in its preliminary results to very good wind conditions in the first quarter of 2020 Continue reading