“RWE makes profit forecast for Innogy”
German utility RWE has forecast EBITDA profits of between 4.1 and 4.4 billion euros in 2016 for its new renewable subsidiary innogy (currently ‘RWE International SE’). The figure is lower than the 4.5 billion euro figure it recorded in 2015, according to an investor relations announcement. For 2017, RWE expects EBITDA of 4.3-4.7 billion euros. The utility also confirmed its outlook for the whole RWE group in the current year, predicting EBITDA of 5.2-5.5 billion euros.
Read the investor relations announcement in German here.
Read a CLEW factsheet on RWE’s plans for its renewable subsidiary.