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Dividendenausfall shocked RWE investor
The relentless decline in electricity prices in the wholesale has the energy group in the past year in the red torn. As a result, wants to the Board, the dividend will almost completely cancel.
The RWE shares crashed on Wednesday ten percent in the basement, after the providers for 2015 a net loss of 200 million euros had to be announced. This was due mainly to impairment of coal – and gas-fired power plants in the amount of 2.1 billion euros. Only the holders of preferred stock will receive a dividend of 13 cents per share certificate. The majority of investors go away empty-handed, after the year before even one Euro per paper had gotten. The decision was necessary to strengthen the enterprise, said CEO Peter deuterium.
The proposal in terms of the dividend is expected to the communities hard-hit, nearly 24 percent of the servicers to keep, and in the past few years, with the profit sharing your hard cash relieved. RWE has according to own data, only 39 million preferred shares, compared to 575,5 million shares of common stock, for the time, nothing at all. “Against the Backdrop of the current economic prospects in the conventional electricity generation, today we have a Dividendenentscheidung taken, the us is not easy,” said deuterium the step.
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The coal-insanity – the dark side of the German energy transition (08.12.2015)
Poor prospects for 2016
The RWE boss had also, for the current fiscal year will not be good news. The operating profit will be 2016 at 2.8 to 3.1 billion euros, after it’s already 2015 to 3.8 from earlier around four billion has shrunk. Deuterium will, among other things, with cost reductions of screws. Until 2018, should the current program savings of 2.5 billion Euro will bring, since so far until 2017, two billion is planned.
Deuterium still want to this year, the business with Green electricity, networks and the distribution of split and ten percent to the stock exchange. He wants to new investors. The big utilities are struggling with the decline in electricity wholesale prices. The competitor Eon had in the first nine months of almost eleven billion euros on power plants and its Oil and gas business are written off and a net loss of 6.1 billion euros to be retracted. Eon and RWE put their balance sheets in March.
ul/zdh (rtr, dpa)