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Energy Group – RWE promises dividend

Energy Group – RWE promises dividend

Thanks to the expansion of the green electricity business, the energy group RWE aims to generate profits of billions more, and promises shareholders a dividend. “The dividend proposal for the 2023 financial year is one euro per share,” Chief Financial Officer Michael Müller said on Tuesday at the balance sheet press conference in Essen. “We also consider this volume to be the minimum for the coming years.” In 2022, shareholders, including the sovereign wealth fund from Qatar, will receive a dividend of 90 cents per share.

“Everything at RWE is geared towards building a climate-neutral energy source,” emphasized RWE CEO Markus Kreiber. In 2022, RWE will invest a net €4.4 billion worldwide and commission 2.4 GW of new capacity. More plants with a capacity of six gigawatts are currently under construction.

After taking over the No. 1 spot in May 2021, Creepper has increased the pace of expansion in renewable energy through acquisitions. The largest deal was the acquisition of the green electricity division of the American conglomerate Con Edison for €6.8 billion. The subsidiary, now named RWE Clean Energy, is off to a good start, Krepper explained.

Not interested in Uniper and Sefe

RWE is not currently interested in doing business with the state-owned energy companies Uniper and Sefe. In principle, he expects the state to withdraw as quickly as possible since it had to intervene due to the crisis.

In the new financial year, RWE intends to build on the operating result for 2022. Adjusted Ebitda at group level should be between €5.8 and €6.4 billion. Last year, Germany’s largest electricity producer generated 6.3 billion euros. In 2022, the facility will benefit from, among other things, increased use of power plants, expansion into wind and solar power systems and business. The Water/Biomass/Gas division increased its operating results to €2.37 billion from €731 million. In the area of ​​trade, profits rose to 1.2 billion euros from the previous 769 million euros. (Reuters)

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