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One of the leading energy companies in Europe, German RWE, completed the first quarter of 2019 with an increase in adjusted earnings 3.5 times compared to the same period a year earlier. Its quarterly figure was 273 million euros. Adjusted EBITDA of 510 million euros also significantly surpassed the previous year. The quarterly results of the sales division, which increased the adjusted EBITDA to 255 million euros from 24 million euros a year earlier, contributed to the growth of indicators. Thanks to good quarterly results, the company maintained its forecasts for adjusted EBITDA and earnings unchanged. Since the beginning of the year, RWE's capitalization has increased by 23% to 13.6 billion euros.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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