The Strategist

German RWE's third-quarter net profit drops to €19 million

11/10/2022 - 10:17

German energy company RWE AG, said in its financial records that its net profit fell by 25% to €2.1 billion in the first nine months of 2022 and plunged 72 times in yearly terms in the third quarter.

Sebastian und Kari
Sebastian und Kari
Net profits for the company's third quarter decreased by 72 times to €19 million. In contrast to €2.03 a year earlier, earnings per share were only €0.03. Revenue shot up 2.2 times, totaling €10.744 billion.

The three quarters' diluted earnings per share were €3.11, down from €4.15 a year earlier. A 1.7-fold increase brought adjusted EBITDA to €4.127 billion.

Revenue more than doubled, reaching €26.932 billion. The nine-month average of power generation was 115.276 billion kWh.



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