“RWE forecasts improved earnings for 2017”
German utility RWE forecasts adjusted earnings before interest, taxes, depreciation, and amortisation of between 5.4 billion and 5.7 billion euros in 2017 “on the back of an improved performance at its trading arm and its green energy subsidiary innogy”, reports Guy Chazan for Financial Times. RWE also confirmed the preliminary 2016 results it published in February. “RWE is back on track. […] We have done our homework. The task at hand now is to continue to build RWE on this solid foundation,” said RWE AG CEO Rolf Martin Schmitz in a press release.