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....

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