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RWE AG: Ad-hoc release in accordance with Art. 17 MAR – Preliminary earnings for fiscal 2022 exceed outlook

Essen, 25 January 2023

RWE’s good earning trend continues: In the fourth quarter of fiscal 2022, RWE’s operational performance 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 2022, based on preliminary figures from the ongoing year-end closing process.

The following stated figures for fiscal 2022 are preliminary and unaudited:
- Adjusted EBITDA of the RWE Group: €6,310 million (outlook: €5,000 to €5,5000 million)
- Adjusted EBITDA of the core business €5,559 million (outlook: €4,300 to €4,800 million)
- Adjusted EBIT €4,567 million (outlook: €3,400 to €3,900 million)
- Adjusted net income €3,228 million (outlook: €2,100 to €2,600 million)
Full results will be presented as planned on 21 March 2023.

The dividend target remains at €0.90 per share for fiscal 2022.

Disclosed by Dr Ulrich Rust
General Counsel