Last €30.69 EUR
Change Today -0.285 / -0.92%
Volume 2.1M
As of 11:35 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

rwe ag (RWE) Snapshot

Open
€30.91
Previous Close
€30.97
Day High
€31.03
Day Low
€30.64
52 Week High
07/3/14 - €32.98
52 Week Low
09/20/13 - €24.06
Market Cap
18.6B
Average Volume 10 Days
1.8M
EPS TTM
€-4.54
Shares Outstanding
575.7M
EX-Date
04/17/14
P/E TM
--
Dividend
€1.00
Dividend Yield
3.26%
Current Stock Chart for RWE AG (RWE)

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rwe ag (RWE) Details

RWE Aktiengesellschaft, an electricity and gas company, generates, distributes, and sells electricity, as well as produces, distributes, and sells gas. It operates power stations based on lignite, coal, gas, nuclear power, renewable energies and waste and oil; and pumped-storage and run-of-river power plants, as well as generates heat. The company is also involved in the supply and trade of electricity, gas, coal, oil, CO2 certificates, and biomass-based renewables in physical and derivative forms; and provision of consultancy services. RWE Aktiengesellschaft offers its products and services to residential and commercial customers, industrial and corporate customers, and distributors in Germany, the Netherlands, Belgium, the United Kingdom, and Central Eastern and South Eastern Europe. It serves approximately 16.4 million electricity customers and approximately 7.8 million gas customers; and operates and maintains a 2,460 kilometers (km) gas transmission grid, as well as a 342,000 km electricity grid, 38,000 km gas grid, and 9,100 km of water supply grid. The company was founded in 1898 and is headquartered in Essen, Germany.

62,693 Employees
Last Reported Date: 08/14/14
Founded in 1898

rwe ag (RWE) Top Compensated Officers

Chairman of Executive Board, Chief Executive ...
Total Annual Compensation: €2.8M
Chief Financial Officer and Member of Executi...
Total Annual Compensation: €1.5M
Deputy Chairman of the Executive Board, Chief...
Total Annual Compensation: €1.9M
Chief Human Resource Officer, Labour Director...
Total Annual Compensation: €1.1M
Compensation as of Fiscal Year 2013.

rwe ag (RWE) Key Developments

RWE AG Plans to Shut Down Power Plants

RWE Generation plans to shut down further power plants with a capacity of a total of 1,000 megawatts (MW). This means in detail, that 110 MW of the Goldenbergwerk lignite power plant in Hrth, will be removed from the grid in the third quarter of 2015. At the beginning of 2016 Unit C of the Westfalen hard coal power plant in Hamm will follow (285 MW). The network operators and the Federal Network Agency have already been informed about these measures. If market conditions do not change, the part of Unit K fuelled by hard coal in the Gersteinwerk plant in Werne (610 MW) will cease to operate in the first quarter of 2017, when an extensive overhaul is scheduled which would no longer be justifiable from an investment perspective under the current economic conditions. The gas turbines at this combined unit (110 MW) would continue to operate. A total of 640 employees are employed at the three stations. Staff cuts affecting around 180 employees in connection with the capacity measures announced are expected. The company wants to deal with the necessary HR measures associated with the power plant shutdowns in a socially acceptable manner.

RWE Generation to Close Three Power Plants in Germany

RWE Generation is planning to close three power plants in Germany with a total capacity of 1,000MW, amid declining demand for conventional energy. The company is considering closing the 110MW Goldenbergwerk lignite power plant in Hürth in the third quarter of 2015, and Unit C of the 285MW Westfalen hard coal power plant in Hamm in early 2016. The part of Unit K fuelled by hard coal in the 610MW Gersteinwerk plant will be shut down in the first quarter of 2017. The shutting down of the power plants will affect 180 of the 640 jobs at the three stations.

Rwe Ag Reports Earnings Results for the First Half of 2014; Reaffirms Earnings Guidance for the Full Year 2014

RWE AG reported earnings results for the first half of 2014. For the period, the company reported net profit plunged by 62% to €749 million. Operating profit tumbled 40% to €2.271 billion on 9.6% drop in revenues to €25.087 billion. Profits fell in the first six months of the year owing to low demand for heating and weak electricity prices. RWE announced it is sticking to its forecast for the full year 2014. Group sales would amount to around €51 billion, underlying profit to €6.4 billion to €6.8 billion and net profit to €1.2 billion to €1.4 billion. The company expects annual CapEx to be in the order of €2 billion.

 

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Industry Analysis

RWE

Industry Average

Valuation RWE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.7x
Price/Cash Flow 8,423.9x
TEV/Sales NM Not Meaningful
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