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

RWE AG (RWE)

Delayed Quote. Delayed  - 09/30 05:35:10 pm
15.335 EUR   -0.10%
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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 djnews.frankfurt@dowjones.com

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Financials (€)
Sales 2016 46 440 M
EBIT 2016 2 990 M
Net income 2016 620 M
Debt 2016 10 822 M
Yield 2016 2,22%
P/E ratio 2016 14,93
P/E ratio 2017 13,48
EV / Sales 2016 0,43x
EV / Sales 2017 0,43x
Capitalization 9 270 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 14,3 €
Spread / Average Target -6,7%
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Managers
NameTitle
Peter Terium Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Rolf Martin Schmitz Chief Operating Officer
Bernhard Günther Chief Financial Officer
Frank-Detlef Drake VP, Head-Corporate Research & Development
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