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

RWE AG (RWE)

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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 2017 45 640 M
EBIT 2017 3 301 M
Net income 2017 777 M
Debt 2017 10 785 M
Yield 2017 3,12%
P/E ratio 2017 10,25
P/E ratio 2018 11,43
EV / Sales 2017 0,43x
EV / Sales 2018 0,45x
Capitalization 8 895 M
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Mean consensus HOLD
Number of Analysts 28
Average target price 15,1 €
Spread / Average Target 2,8%
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NameTitle
Rolf Martin Schmitz Chairman-Executive Board & 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
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