RWE delivers lower result than expected

Low electricity prices caused the German utility to lose EUR 150 million on the bottom line in the first quarter.

Photo: Senvion

German utility RWE delivered first quarter result that was worse than expected, after the company was hit by lower electricity prices.

The company's adjusted operating result EBITDA has declined by 11 percent year to year to EUR 1.8 billion of total, external sales of EUR 11.6 billion. The top line decline saw a 7.3 percent decline.

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