India, March 20 -- Shares of RWE AG were losing around 3 percent in the German trading after the utility major warned on weak adjusted EBITDA in fiscal 2025 after reporting lower adjusted results in fiscal 2024. The company also said it would cut planned investments by around 10 billion euros.
This was despite reporting significantly higher net earnings in 2024, and the company lifted dividend. The firm also confirmed its mid and long term outlook, expecting earnings growth.
Markus Krebber, Chief Executive Officer, said, "The outlook generally remains positive: electrification and artificial intelligence are driving demand for electricity, especially in the USA. Thanks to our portfolio of generation assets and diversified development pipe...