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RWE Aktiengesellschaft Altenessener Straße 35 45141 Essen, Germany http://www.rwe.com
Contact Mr Volker Heck +49 201 1215120
Company logo of RWE Aktiengesellschaft
RWE Aktiengesellschaft

RWE confirms forecast for 2013 

Gazprom decision bolsters operating result in first half of year / 3,100 MW of generation capacity to be taken offline

(PresseBox) (Essen, )
Persistently low prices on the electricity markets are placing burdens on the entire energy sector, and thus also on RWE. However, in the first half of 2013, RWE was able to offset these burdens thanks to the positive outcome of the arbitration proceedings with Gazprom. Alongside a slight increase in revenue, to €28.5 billion, EBITDA was up 9% to €5.5 billion and the operating result increased by 12% to €4.1 billion. In spite of this, net income fell by 38% to about €1 billion. The main cause was the market-induced impairment loss of about €800 million recognised for our Dutch
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