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4-Traders Homepage  >  Equities  >  Xetra  >  RWE    RWE   DE0007037129

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RWE AG : RWE to Invest Solely in Renewable Energy - Report

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10/29/2013 | 06:42pm CEST

German utility RWE AG (RWE.XE) is set to change its strategy and invest solely in renewable forms of power generation, newspaper Handelsblatt says in an article released ahead of publication Wednesday, citing an internal document.

RWE Chief Executive Peter Terium wants no further investments in fossil-fueled powered plants, according to the German daily. In 2020, conventional forms of power generation should contribute no more than one fifth of the operating result, according to Mr. Terium's plans, the article says. He also wants to develop new business models for decentralized power distribution, Handelsblatt reports.

An RWE spokeswoman declined to comment on the report.

Germany is phasing out nuclear power and replacing fossil fuels by renewable sources of energy like wind and solar power, a policy that raised prices for electricity.

Newspaper website: http://www.handelsblatt.com

-Write to the Frankfurt Bureau at [email protected]

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Financials (€)
Sales 2018 42 671 M
EBIT 2018 3 025 M
Net income 2018 887 M
Debt 2018 21 933 M
Yield 2018 3,13%
P/E ratio 2018 14,50
P/E ratio 2019 12,81
EV / Sales 2018 0,82x
EV / Sales 2019 0,83x
Capitalization 13 021 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 22,8 €
Spread / Average Target 6,8%
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Managers
NameTitle
Rolf Martin Schmitz Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Markus Krebber Chief Financial Officer
Frank-Detlef Drake VP, Head-Corporate Research & Development
Frank Bsirske Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
RWE25.65%15 998
ENGIE-1.40%42 293
ELECTRICITÉ DE FRANCE10.03%41 237
NATIONAL GRID PLC-7.11%38 171
SEMPRA ENERGY2.70%28 979
ORSTED14.20%26 832