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RWE's Q1 core profit down by a quarter as wholesale prices fall

RWE, Germany s largest electricity producer, on Wednesday posted better-than-expected core profit for the first quarter, boosted by stronger winds and a better than expected performance at its.

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E.ON posts stable Q1 profits, raises investments by a quarter

First-quarter adjusted core profit (EBITDA) was up 1% at 2.745 billion euros, while adjusted net profit was up 2% at 1.047 billion, the company said, confirming its outlook for the current financial year. The group said it still expects adjusted EBITDA of 8.8 billion to 9 billion euros and adjusted net profit of 2.8 billion to 3.0 billion. According to a poll provided by the company, analysts on average expected adjusted EBITDA of 8.9 billion euros and adjusted net profit of 2.9 billion.

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Thyssenkrupp cuts sales, net profit as market remains 'gloomy'

FRANKFURT (Reuters) -German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand and prices at its steel unit, half of which is to be sold to Czech billionaire Daniel Kretinsky. The scaled-back guidance underscores a challenging environment for companies focused on capital goods, which need to tackle elevated inflation, raw materials price swings and cooling global demand. It comes less than three weeks after Thyssenkrupp announced a deal to sell 20% of its steel business to Kretinsky's EPCG, a process that has led to a rift with powerful workers that accuse the group's CEO Miguel Lopez of not keeping them in the loop.

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Thyssenkrupp Cuts Sales, Net Profit as Market Remains 'Gloomy'

Thyssenkrupp Cuts Sales, Net Profit as Market Remains 'Gloomy'
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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E.ON Posts Stable Q1 Profits, Raises Investments by a Quarter

E.ON Posts Stable Q1 Profits, Raises Investments by a Quarter
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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