RWE’s operational performance in the fourth quarter of fiscal 2021 exceeds expectations. In particular, the Hydro/Biomass/Gas segment as well as Supply & Trading performed far better towards year end than assumed. Overall, this resulted in an outperformance of the outlook for fiscal 2021, based on preliminary figures from the ongoing year-end closing process. 

The following stated figures for fiscal 2021 are preliminary and unaudited:
- Adjusted EBITDA of the RWE Group: €3,650 million (outlook: €3,000 to €3.400 million)
- Adjusted EBITDA of the core business €2,761 million (outlook: €2,150 to 2,550 million)
- Adjusted EBIT €2,185 million (outlook: €1,500  to €1,900 million)
- Adjusted net income €1,569 million (outlook: €1,050 to 1,400 million) 
- Net debt: expected to be as of 31 December 2021 significantly below the level at end of September 2021, which was at €2.9 billion

Full results will be presented as planned on 15 March 2022. The dividend target remains at €0.90 per share for fiscal 2021.

Disclosed by Dr Ulrich Rust
General Counsel