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RWE Stock Up On FY23 Adj. Profit, Dividend Growth; Backs Weak FY24 Profit View

RWE Stock Up On FY23 Adj. Profit, Dividend Growth; Backs Weak FY24 Profit View

German utility RWE AG reported Thursday sharply lower profit in its fiscal 2023 with weak revenues, while adjusted EBIT and EBITDA, key earnings metrics, were higher. Further, the company announced higher dividend, and said it maintains fiscal 2024 earnings view, but now sees at the lower end of the range. In Germany, RWE shares were gaining around 3.5 percent.
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