New throughout, adds details and background Siemens Energy, which supplies equipment and services to the power sector, scrapped its profit forecast for 2023, citing deeper than expected problems at its wind turbine division that could cost the group more than 1 billion euros ($1.1 billion). “We are also reviewing assumptions critical to the existing business […]
E.ON, RWE get fresh boost from dividend, profit outlook
ESSEN, Germany – German energy groups E.ON and RWE on Tuesday fleshed out their plans to break up RWE’s Innogy business, predicting higher profits and dividends as a result of a more focused corporate structure. E.ON forecast annual operating profit to rise by an average 3 to 4 percent over the next three years, while […]
E.ON, RWE get fresh boost from dividend, profit outlook
ESSEN, Germany – German energy groups E.ON (EONGn.DE) and RWE (RWEG.DE) on Tuesday fleshed out their plans to break up RWE’s Innogy (IGY.DE) business, predicting higher profits and dividends as a result of a more focused corporate structure. E.ON forecast annual operating profit to rise by an average 3 to 4 percent over the next […]