RWE AG (OTCPK:RWEOY)

$ 32.485 -0.815 (-2.45%) Market Cap: 24.16 Bil Enterprise Value: 27.28 Bil PE Ratio: 7.90 PB Ratio: 0.69 GF Score: 74/100

Q1 2020 RWE AG Earnings Call Transcript

May 14, 2020 / 10:00AM GMT

Release Date Price: $29.01 (-0.62%)

Transcript

Operator

Welcome to the RWE conference call. Markus Krebber, CFO of RWE AG, will inform you about the developments in the first quarter of fiscal 2020.

I will now hand over to Thomas Denny.

Thomas Denny

RWE Aktiengesellschaft - Head of IR

Good morning, ladies and gentlemen. Thank you for joining Markus and myself in our conference call on RWE's results for the first quarter. I'm pleased to be here with you today and want to thank you for welcoming me to the investor and analyst community. I'm very much looking forward to working with you all, as we continue our journey along RWE's path to providing renewable and flexible energy for sustainable life. And of course, I hope to meet all of you in person soon.

And with that, let's move on to our earnings results. In light of the new steering models we presented to you at the Capital Market Day, we have restated the previous year's figures according to the new group structure. In order to compare like-for-like, we have provided pro forma figures, meaning that assets taken over from E.ON are included for

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