RWE AG

Earnings Release • Jan 26, 2022

News Details

Ad-hoc | 26 January 2022 15:26

RWE Aktiengesellschaft: Preliminary earnings for fiscal 2021 exceed outlook

RWE Aktiengesellschaft / Key word(s): Preliminary Results

RWE Aktiengesellschaft: Preliminary earnings for fiscal 2021 exceed outlook

26-Jan-2022 / 15:26 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Essen, 26 January 2022

RWE’s operational performance in the fourth quarter of fiscal 2021 exceeds expectations. In particular, the Hydro/Biomass/Gas segment as well as Supply & Trading performed far better towards year end than assumed. Overall, this resulted in an outperformance of the outlook for fiscal 2021, based on preliminary figures from the ongoing year-end closing process.

The following stated figures for fiscal 2021 are preliminary and unaudited:

• Adjusted EBITDA of the RWE Group: €3,650 million (outlook: €3,000 to €3.400 million)
• Adjusted EBITDA of the core business €2,761 million (outlook: €2,150 to 2,550 million)
• Adjusted EBIT €2,185 million (outlook: €1,500  to €1,900 million)
• Adjusted net income €1,569 million (outlook: €1,050 to 1,400 million)
• Net debt: expected to be as of 31 December 2021 significantly below the level at end of September 2021, which was at €2.9 billion

Full results will be presented as planned on 15 March 2022. The dividend target remains at €0.90 per share for fiscal 2021.

Disclosed by Dr Ulrich Rust

General Counsel

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26-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	RWE Aktiengesellschaft
	RWE Platz 1
	45141 Essen
	Germany
Phone:	+49 (0)201-5179 0
Fax:	+49 (0)201-5179 5005
E-mail:	invest@rwe.com
Internet:	www.rwe.com
ISIN:	DE0007037129, Weitere ISINs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/, aufgelistet.,
WKN:	703712, Weitere WKNs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/ aufgelistet.
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1273208

End of Announcement	DGAP News Service