ESSEN (dpa-AFX) - RWE (RWEOY.PK), on Thursday, reported that 9-month adjusted EBITDA at Group level amounted to €4,127 million at the end of the first three quarters of 2022, substantially higher than in the previous year's €2,397 million.
Adjusted EBIT also improved to €2,965 million versus €1,339 million last year. Adjusted net income increased to €2,118 million from €1,025 million in the prior year period.
As at the reporting date of 30 September 2022, the Group's net debt amounted to €360 million compared to net assets as at 31 December 2021 of €360 million.
Michael Müller, CFO of RWE AG, said, 'We are fast-tracking the expansion of renewables and are rigorously implementing our Growing Green strategy. With the purchase of Con Edison Clean Energy Businesses, we are strengthening our US portfolio and creating an excellent foundation for additional value-accretive growth. We are also investing massively in new green capacities in Europe.'
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