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RWE AG
Investor Relations

RWE AG is an energy company that makes and sells electricity. It owns power plants and renewable projects such as wind and solar farms, and it also trades electricity and related energy products in wholesale markets. In some markets it sells power and energy services to industrial customers, utilities, and other large buyers. The company earns money mainly by producing electricity and selling it under long-term contracts or into the market at prevailing prices. It also makes money from developing, building, and operating new power assets, especially renewable projects and flexible generation that can back up wind and solar when the weather changes. What makes RWE different is its role across the power value chain. It is not just a retailer that buys power and resells it, and it is not just a builder of wind farms. It is a large owner-operator of generation assets that helps keep electricity flowing by combining renewables, trading, and dispatchable plants in one business.

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RWE
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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 15, 2025
AI Summary
Q1 2025

Solid Q1: RWE reported adjusted EBITDA of EUR 1.3 billion and adjusted net income of EUR 500 million, despite weak wind conditions in Europe.

Guidance Confirmed: Management confirmed full-year 2025 earnings guidance, which already incorporates weak wind seen through February.

Buyback Progress: EUR 1.5 billion share buyback is on track, with the first EUR 500 million tranche to be completed by end of the month; full program to finish by May 2026.

Offshore Asset Sales: RWE sold a 49% stake in its Nordseecluster and Thor offshore projects for about EUR 1.4 billion, reducing net project investments by around EUR 4 billion.

CapEx & Debt: Net investments totaled EUR 2.7 billion in Q1, and net debt rose to EUR 15.9 billion due to investments and seasonal working capital effects, but is expected to fall below 3x leverage and around EUR 14 billion by year-end.

Trading Weakness: The Supply & Trading segment had a weak Q1, with just EUR 50 million EBITDA, which management described as a one-off rather than a structural issue.

Project Pipeline: Major offshore and onshore renewable projects are progressing on schedule, with nearly all offtake secured and supply chain risks largely mitigated.

Key Financials
Adjusted EBITDA
EUR 1.3 billion
Adjusted Net Income
EUR 500 million
Adjusted Earnings Per Share
EUR 0.7
Net Debt
EUR 15.9 billion
Net Investments
EUR 2.7 billion
Share Buyback Program
EUR 1.5 billion (program size), EUR 500 million (first tranche by end of month)
Offshore Wind Adjusted EBITDA
EUR 380 million
Onshore Wind and Solar Adjusted EBITDA
EUR 496 million
Flexible Generation Adjusted EBITDA
EUR 376 million
Supply & Trading Adjusted EBITDA
EUR 50 million
Adjusted Operating Cash Flow
minus EUR 1.15 billion
Dividend
EUR 1.2 per share (target for 2025)
U.S. Renewables Capacity
11.2 GW at end of Q1 2025
Onshore Wind and Solar Commissioned
500 MW in Q1 2025
Earnings Call Recording
Other Earnings Calls

Management

Dr. Markus Krebber Ph.D.
Chairman of the Executive Board & CEO
No Bio Available
Dr. Michael Muller
CFO & Member of Executive Board
No Bio Available
Ms. Katja Van Doren
Member of the Executive Board, Chief Human Resources Officer (CHO) & Labour Director
No Bio Available
Dr. Thomas Michel
Chief Operating Officer
No Bio Available
Dr. Joachim Haaf
Head of Group Insurance
No Bio Available
Thomas Denny
Head of Investor Relations
No Bio Available
Dr. Ulrich Rust
General Counsel
No Bio Available
Ms. Stephanie Schunck
Head of Group Communication and Public Affairs
No Bio Available
Joachim Lochte
Head of Corporate Responsibility & Environmental Protection
No Bio Available
Mr. Paul van Son
Chairman of Energy Projects - Middle East, North Africa & Turkey Region
No Bio Available

Contacts

Address
NORDRHEIN-WESTFALEN
Essen
RWE Platz 1
Contacts
+49020151790.0
www.group.rwe
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