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RWE raises 2019 outlook again on UK capacity market payments

Thu, 14th Nov 2019 06:00

FRANKFURT, Nov 14 (Reuters) - RWE, Germany's
biggest electricity producer, on Thursday raised its outlook for
the second time in three months, citing payments it stands to
receive after the British capacity market was reinstated.

The group now expects adjusted earnings before interest,
tax, depreciation and amortisation (EBITDA) of 1.8-2.1 billion
euros ($2.0-2.3 billion), while adjusted net income is seen at
0.9-1.2 billion.

The group previously expected adjusted EBITDA of 1.4-1.7
billion euros and adjusted net income of 0.5-0.8 billion.
($1 = 0.9074 euros)
(Reporting by Christoph Steitz
Editing by Michelle Martin)

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