(News Bulletin 247) – The analyst believes that the final results for the 2022 financial year are in line with the preliminary results published on January 25.
RWE publishes an adjusted net profit of 3.23 billion euros for 2022, a figure more than doubled compared to the previous financial year (1.55 billion euros).
Following this announcement, Stifel confirms its advice to buy with a target price of 55 E.
“This morning’s release focuses on the forecast for 2023, which is above the company consensus, despite a slight deviation on renewables,” Stifel said.
‘ Renewables remain strong, with 2.4 GW added in 2022 and 6 GW under construction.
The total green portfolio increases by 22% in 2022 to reach approximately 40 GW’ adds the analysis office.
For 2023, RWE is targeting an adjusted net profit of between 2.2 and 2.7 billion euros. The company believes that optimization gains and energy trading are unlikely to reach the high levels of 2022.
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