RWE Shows Turnaround With Better-than-Expected Earnings

2 months ago

Khloe Mele

"Yeah good morning for energy companies uh overall it seems. So for RWE the boost there is actually coming from better than expected earnings. So part of that was because of a one-off gain from uh the sale of a data center development project in the UK. But then more interestingly the the other um the other factor there was uh better performance in its trading division. That's a division that's really struggled this year because of geopolitical uncertainty... so it seems that that division is now back on track, back on the road to recovery and RWE will also benefit from from other uh other divisions like the commissioning of on new onshore wind farms, solar plants as well and then battery storage systems. So there's optimism there for that company."

RWE is experiencing a positive turnaround driven by unexpectedly strong earnings, aided by a one-off gain and improved performance in its trading division. The recovery in its trading division coupled with investments in renewable sectors such as onshore wind farms and solar plants has boosted optimism for the company.

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