RWE AG announced on Thursday that its adjusted net income in the fiscal year 2024 saw an annual drop of 43.3% to land at €2.32 billion.
The company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) declined by 26.7% compared to 2023 to reach €5.68 billion. Its external revenue slid by 15% to €24.2 billion. The net income attributable to shareholders, on the other hand, rose by a staggering 238.9% year-on-year to €5.1 billion. Earnings per share (EPS) went up by 238.7% to €6.91, while adjusted net income per share decreased by 43.4% to €3.12.
"The outlook generally remains positive: electrification and artificial intelligence are driving demand for electricity, especially in the USA," Chief Executive Officer (CEO) Dr. Markus Krebber said. "However, we are also facing challenges in the investing environment ... persistent high inflation, rising interest rates, supply chain bottlenecks, geopolitical tension, and potential tariffs."
