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Markets News

RWE posts 13% rise in nine-month core profit

FRANKFURT, Nov 12 (Reuters) - RWE, Europe’s third-largest renewables group, on Thursday posted a 13% increase in nine-month core profit, driven by both its wind and solar farms as well as higher margins for its coal and nuclear plants.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 2.2 billion euros, RWE said, adding it would commission an additional 800 megawatts of wind and solar plants in the fourth quarter. (Reporting by Christoph Steitz Editing by Michelle Adair)

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