• Current market environment provides further momentum, leading to an upgraded earnings forecast for fiscal 2022
• Adjusted EBITDA for the RWE Group now expected to be between €3.6 billion and €4.0 billion, and the forecast for adjusted net income is between €1.3 billion and €1.7 billion

Michael Müller, CFO of RWE AG: “With our diverse portfolio, both from a technological and geographical point of view, RWE is a reliable generator of electricity. In a dynamic market environment, we are able to secure higher generation margins. On the back of this, we are now pleased to raise our forecast for the RWE Group for fiscal 2022. This puts us in an even stronger position to deliver our Growing Green strategy.”

RWE is set to continue its positive earnings development in 2022. Driven by a dynamic market environment, the Executive Board of RWE AG has adjusted its overall earnings forecast for the full year 2022.

The RWE Group’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) for 2022 is now expected to be between €3.6 billion and €4.0 billion. Adjusted EBITDA in the core business is anticipated to be between €2.9 billion and €3.3 billion. Adjusted EBIT is expected to range from €2.0 billion to €2.4 billion, with adjusted net income at €1.3 billion to €1.7 billion. The dividend target is €0.90 per share for fiscal 2022, as indicated at the Capital Market Day back in November last year. Table with overview of outlook in the back.