RWE share 2023: Preliminary figures exceed forecasts - outlook disappoints the stock market

RWE share 2023: Preliminary figures exceed forecasts - outlook disappoints the stock market

According to a report by www.4investors.de, RWE has published preliminary figures for 2023 that turned out better than forecast. In particular, the water/biomass/gas segment and energy trading performed better than expected in the fourth quarter of 2023. On an adjusted basis, EBITDA in the group is just under 8.4 billion euros and exceeds the expected up to 7.7 billion euros. Despite these positive numbers, the outlook disappoints the stock market, leading to a decline in the share price.

The positive preliminary figures for 2023 show that RWE is able to achieve solid results despite the challenges in the energy market. The exceeded forecasts for EBITDA and adjusted profit are a sign of the company's strength in a volatile market environment.

The disappointing outlook for 2024, due to significantly lower energy prices in European wholesale markets, could continue to have a negative impact on share prices and investor confidence. The uncertainty in the energy market and the expected lower results for the coming year could lead investors to become more cautious and reconsider their investments in energy companies.

Overall, the publication of RWE's preliminary figures and outlook represents an important development for the energy market, which could have an impact on the share price, investor confidence and the industry as a whole. It is important to keep an eye on further developments as they could have an impact on the entire energy sector.