RWNFF - RWE Aktiengesellschaft (RWEOY) Q1 2025 Earnings Conference Call Transcript
2025-05-15 14:51:29 ET
RWE Aktiengesellschaft (RWEOY)
Q1 2025 Earnings Conference Call
May 15, 2025, 07:00 AM ET
Company Participants
Thomas Denny - Head of IR
Michael Muller - CFO
Conference Call Participants
Alberto Gandolfi - Goldman Sachs
Peter Bisztyga - Bank of America
Wanda Serwinowska - UBS
Robert Pulleyn - Morgan Stanley
Deepa Venkateswaran - Bernstein
Ahmed Fahrman - Jefferies
Olly Jeffrey - Deutsche Bank
Harry Wyburd - BNP Paribas Exane
Piotr Dzieciolowski - Citi
Presentation
Thomas Denny
Thank you, George, and good afternoon from Athens. And to investors and analysts, I know it's a busy day for you, so a special thanks for joining the RWE Q1 Investor and Analyst Conference Call today. Our CFO, Michael Muller, will guide you through our key highlights and financial performance of the first quarter and the outlook for the current year.
And with that, let me hand over to Michael.
Michael Muller
Yeah, thanks, Thomas, and also good afternoon to all of you from my side. RWE had a solid start into 2025. Adjusted EBITDA stood at €1.3 billion and adjusted net income at €500 million despite weak wind conditions in the first quarter. We confirmed the guidance for the full year we presented in March, which already reflected the weak wind conditions until then. Our 1.5 billion share buyback program is making good progress, and the first €500 million tranche will be completed by the end of the month. Shortly thereafter, we will start the second tranche....
RWE Aktiengesellschaft (RWEOY) Q1 2025 Earnings Conference Call Transcript