RWE Sticks to Full-Year Guidance After Earnings Decline
The German energy company said Thursday that the decline in earnings was expected, and was primarily due to the normalization of income from its flexible generation division, which includes hydro, biomass and gas power. Adjusted earnings before interest, taxes, depreciation and amortization at the segment fell to 595 million euros ($696.5 million) from 1.01 billion euros in the same period a year prior.
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