In view of the business performance in the first half of 2021, the Executive Board of RWE AG has adjusted its earnings forecast for the full year 2021:

Adjusted EBITDA in the Supply & Trading division reached an exceptionally high level of €525 million in the first half year thanks to a strong trading performance. Originally RWE estimated a range of €150 million to €350 million for this business division. RWE therefore increased the outlook for Supply & Trading for FY 2021 and assumes to close the year significantly above the €350 million.

The EBITDA forecast for the other divisions is unchanged.

For RWE Group now an adjusted EBITDA of €3.0 billion to €3.4 billion (previously €2.65 billion to €3.05 billion) anticipated; adjusted EBITDA of the core business is assumed to range between €2.15 billion to €2.55 billion (previously €1.8 billion to €2.2 billion). The outlook for adjusted EBIT increased to €1.5 billion to €1.9 billion (previously €1.15 billion to €1.55 billion) and for adjusted net income to €1.05 billion to €1.40 billion (previously €0.75 billion to €1.10 billion).

RWE will publish its interim report for the first half of 2021 on 12 August 2021.

Disclosed by Dr Ulrich Rust, General Counsel